On Semiconductor Corp. (ONNN) Technical Analysis
NASDAQ:ONNN • US6821891057
Current stock price
ONNN Technical Rating and Analysis
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. We also observe that the gains produced by ONNN over the past year are nicely spread over this period.
- ONNN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ONNN is performing more or less in line with the market.
- 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.
ONNN Weekly and Daily overview Charts
ONNN Setup Rating and Analysis
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
ONNN Support and Resistance Analysis
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.
We can see 2 important resistance 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.
ONNN 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 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. |
ONNN Chart- and CandleStick Pattern Analysis
ONNN Technicals: Chart, Performance Metrics, Trend & Indicators
11.7
+0.22 (+1.92%)
On Semiconductor Corp. / ONNN TA FAQ
What is the ChartMill technical rating of On Semiconductor Corp. (ONNN) stock?
ChartMill assigns a technical rating of 7 / 10 to ONNN.
What is the current trend direction of On Semiconductor Corp. (ONNN) stock?
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 ONNN stock?
The MACD indicator for On Semiconductor Corp. (ONNN) has a value of -0.163244, indicating a bearish trend.
What are the support and resistance levels for On Semiconductor Corp. (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.