On Semiconductor Corp. (ONNN) Stock Technical Analysis
USA - NASDAQ:ONNN - US6821891057
Overall ONNN gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although ONNN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.60
We found 3 important support areas.
- A support zone ranging from 11.33 to 11.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.83 from a trend line in the weekly time frame.
- Support @7.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.78 to 12.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.17 from a horizontal line in the daily time frame.
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 ONNN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONNN is down. |
| ChartMill Relative Strength | 81.07 | POSITIVE | ONNN has a high relative strength, it outperformed 81.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONNN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ONNN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.42 | NEUTRAL | The RSI value for ONNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ONNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.9 | NEUTRAL | The Stochastics value for ONNN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for ONNN suggests some volalility. |
11.7
+0.22 (+1.92%)
On Semiconductor Corp. / ONNN FAQ
What is the ChartMill technical rating of On Semiconductor Corp. (ONNN) stock?
ChartMill assigns a technical rating of 7 / 10 to ONNN.
Can you provide the trend direction for On Semiconductor Corp.?
The current trend direction for On Semiconductor Corp. (ONNN) is Bullish.
Can you provide the RSI signal for On Semiconductor Corp.?
On Semiconductor Corp. (ONNN) has an RSI value of 42.4161. This indicates that the stock is currently neutral.
What is the MACD signal for On Semiconductor Corp. (ONNN) stock?
The MACD indicator for On Semiconductor Corp. (ONNN) has a value of -0.163244, indicating a bearish trend.
What is the support and resistance level for ONNN stock?
On Semiconductor Corp. (ONNN) has a support level at 11.69 and a resistance level at 12.78. Check the full technical report for our detailed analysis of ONNN support and resistance levels.