- ON is in a rising trend channel in the medium long term.
- This signals increasing optimism among investors and indicates continued rise.
- ON is testing support at 75.
- This could give a positive reaction, but a downward breakthrough of 75 means a negative signal.
- The stock is assessed as technically positive for the medium long term.
The PEAD projected a bullish outlook for $ON after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Yearly High Close
Price is close to the yearly highs.
Trendline Resistance
Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This...
$ON Analysis, Key levels, and Targets
ON is my Semi company…. I like this company. I can elaborate further in the next few days but I’m getting my list together…. This is on it, always. I like AMD as well but between the two I’d pick ON…
And if y’all know how to read my charts you know where I’m looking…
1Y
RSI is declining.
MFI is holding steady.
5Y
RSI is moving up.
MFI is declining.
ALL
RSI has overextended.
MFI is declining.
Prediction: We are going to be falling. There are some gaps around the $10-15 range.
For my educational purpose, not to be used as financial advice.
NASDAQ:ON was in a strong correlation with SP:SPX in the last years. To be accurate, the correlation was so strong between 2002 to 2021. However, since the beginning of this year, this correlation is not working anymore. In this bear market, the company has been providing price support and testing new high levels.
From a fundamental point of view, US needs to...
I am looking at $ON Semiconductor here for a potential move to the low $90 range. If the stock can hold strong over what I would call the "mode" in the mid $60s, it is fair to look at the $90 level as a realistic target. The stock has undergone a good bit of balance/consolidation in and around the mid $60 and looks to have a chance to make that breakout into all...
ON has been in a long accumulation lasting several months, but now appear it may be on the brink of collapse.
This is quite low time frame and good chance it can pop up again, but this may well be a continuation pattern here...
I did have the blue band above as an ideal entry but I chose to watch as indexes were bullish.
From here it may touch into that band...
ON semiconductor
CMP: 59.76
Could continue to be nagative till Oct 26. Can reach 53.47
From that point it would pick back up and can reach 67.48 by Nov 11
The PEAD projected a Bullish outlook for $ON after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
On Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of the market, and is now bouncing.
The first pattern on today’s chart is the falling trendline along the peaks of January, March and June. ON broke that resistance in early August and is now turning it into support.
Second, the 50-day simple...
ON could be rebranded OFF shortly as it appears to be coming to the end of a double top Wyckoff distribution.
From PSY with higher volume to BC price moves in an expanding corrective pattern showing weakness.
From BC to SOW it moves in a descending channel which could be seen as bullish but really I think it is only holding the area before a fall.
The...
ON the only semi making ath this year. Short opportunity or long on strength? Every big channel/consolidation we have seen met with fakeout above and a reversal.
At an important level. The range could bring it back down to $55 and expect chop. But given how explosive the EV space is, the stock could breakout and set new highs. I would it expect it to range on a breakout between $95-$105.
![ON: ON - Rising Trend [MIDTERM]](https://s3.tradingview.com/c/CHHq7QFy_mid.png "ON - Rising Trend [MIDTERM]")
