ON SEMICONDUCTOR (ON) Technical Analysis
NASDAQ:ON • US6821891057
Current stock price
ON Technical Rating and Analysis
Taking everything into account, ON scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ON is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ON did better than 94% of all other stocks. On top of that, ON also shows a nice and consistent pattern of rising prices.
- ON is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ON has a been trading in the 55.02 - 87.51 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ON has an average volume of 8386180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ON is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, ON did better than 56% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ON Weekly and Daily overview Charts
ON Setup Rating and Analysis
Although ON has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ON Support and Resistance Analysis
54.82
We found 3 important support areas.
- Support @61.62 from a trend line in the weekly time frame.
- Support @57.52 from a trend line in the daily time frame.
- Support @55.37 from a trend line in the weekly time frame.
ON Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ON is up. |
| ChartMill Relative Strength | 94.49 | POSITIVE | ON has a high relative strength, it outperformed 94.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.89 | OVERBOUGHT | The high RSI value suggests ON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.42 | POSITIVE | The MACD value suggests ON has a positive trend. |
| Stochastics (14,3) | 98.65 | OVERBOUGHT | The high Stochastics value suggests ON may be overbought. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ON suggests some volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for ON suggests a strong trend. |
ON Chart- and CandleStick Pattern Analysis
ON Technicals: Chart, Performance Metrics, Trend & Indicators
86.91
+1.35 (+1.58%)
ON SEMICONDUCTOR / ON TA FAQ
What is the ChartMill technical rating of ON SEMICONDUCTOR (ON) stock?
ChartMill assigns a technical rating of 10 / 10 to ON.
What is the current trend direction of ON SEMICONDUCTOR (ON) stock?
The current trend direction for ON SEMICONDUCTOR (ON) is Bullish.
What is the RSI signal for ON stock?
ON SEMICONDUCTOR (ON) has an RSI value of 83.8912. This indicates that the stock is currently overbought.
What is the short term momentum for ON stock?
The short term momentum for ON SEMICONDUCTOR (ON) is positive.
What are the support and resistance levels for ON SEMICONDUCTOR (ON) stock?
ON SEMICONDUCTOR (ON) has a support level at 61.62. Check the full technical report for our detailed analysis of ON support and resistance levels.