On Semiconductor Corp. (ONNN) Stock Technical Analysis
NASDAQ:ONNN - Nasdaq - US6821891057
We assign a technical rating of 8 out of 10 to ONNN. 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.
In the last month ONNN has a been trading in the 11.08 - 13.15 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ONNN did better than 81% of all other stocks. On top of that, ONNN also shows a nice and consistent pattern of rising prices.
ONNN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ONNN is lagging the market slightly.
ONNN has an average volume of 7956820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Volume is considerably higher in the last couple of days.
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
13.30
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.7
+0.22 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.92%
1 Week0.6%
2 Weeks-8.09%
1 Month-10.28%
3 Month14.71%
6 Month30.73%
12 Month23.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.93%
ATR Inc121.05%
Range Today0.35
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.07
Mansfield1.69
10 Day High12.96
10 Day Low11.08
20 Day High13.15
20 Day Low11.08
52 Week High13.31
52 Week Low6.76
CS1 End11.69
CR1 Start12.78
Volume & EV
DER(3)-0.89%
DER(5)-2.62%
Volume6.48M
Volume Incr73.68%
Vol(5)11.54M
Vol(50)7.96M