ON Technical Analysis - ON SEMICONDUCTOR

Technical Rating and Analysis

Taking everything into account, ON scores 1 out of 10 in our technical rating. ON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, ON is a bad performer in the overall market: 90% of all stocks are doing better.

ON is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 84% of 112 stocks in the same industry do better.

ON has an average volume of 8982770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

ON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ON is lagging the market.

In the last month ON has a been trading in the 46.50 - 52.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ON SEMICONDUCTOR / ON Weekly stock chart

Setup Rating and Analysis

ON has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 47.65, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

46.50

66.54

We found 1 important support area.

A support zone ranging from 46.97 to 47.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 49.50 to 51.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @56.62 from a trend line in the weekly time frame.
Resistance @60.56 from a trend line in the daily time frame.
Resistance @65.88 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for ON is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ON is down.
ChartMill Relative Strength	10.54	NEGATIVE	ON has a low relative strength, it was outperformed by 89.46% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ON is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ON is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ON is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.87	NEUTRAL	The RSI value for ON is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests ON has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.3	NEUTRAL	The Stochastics value for ON is a neutral value.
Average True Range in percent/ATR (20)	3.51	MEDIUM VOLATILITY	The ATR as a percentage value for ON suggests some volalility.
Average Directional Index/ADX (14)	10.65	NEGATIVE	The low ADX value for ON suggests a weak or negative trend.