ON Entry, Volume, Target, StopEntry: with price above 105.35
Volume: with volume greater than 5.23M
Target: 110.55 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 105.36, 102.77 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
1ON trade ideas
ON Entry, Volume, Target, StopEntry: when price clears 89.84
Volume: with average daily volume
Target: 98 area
Stop: depending on your risk tolerance; 87.13 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$ON BULLISH WEEKLY CHART!Let take a look at the recent weekly close. A nice simple base has formed. We see the price dropped to the 8 day ma at $78.60 but ate all the way up to $86.50 and closed near the weekly high. The indicates great strength to me. Institutional buying seen here with the above average volume. Your chance to get in was at $78.60, maybe I'll get in on a break of $90. Do your own homework before investing in stocks.
ON - RisingTrend Channel [MID TERM]- ON is in a rising trend channel in the medium long term.
- ON has broken a resistance level and given a positive signal for the long-term trading range.
- In case of a negative reaction, the stock has support at approximately 76.00 .
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
ON - Rising Trend Channel [MID TERM]- ON is in a rising trend channel in the medium long term.
- The stock has broken up through resistance at 76.00.
- In case of negative reactions, there will now be support at 76.00.
- The stock is assessed as technically positive for the medium long term
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
ON - Rising Trend [MIDTERM]- 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.
$ON Technical Analysis: Yearly High Close, Trendline ResistanceYearly 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 is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Pocket Pivot
The volume on the green candle today was higher than the volume on any red candles over the last few weeks.
This can signify institutional accumulation.
Stochastics Overbought
Stochastics value is above 80.
Wedge
Descending wedge. These are calculated base on last 3 monthly candles.
Therefore, they are best visible on the monthly and weekly chart.
$ON 3/17 Bullish
$ON Analysis, Key levels, and Targets $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…
ON Semiconductor Corporation can provide further upside in 2023NASDAQ: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 secure more domestic capability for semiconductor production. So, this company can provide more upside in the next year based on this new developing trend.
Early Thoughts for ONI 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 time highs. We will see over the coming days what the agenda is here, but I wanted to release my early thoughts. Looking forward to see how it plays out. I do have a position in the stock myself. Make sure to always size appropriately and trade safely!
Happy Thanksgiving week from the US and Best of Luck!
ON- Could Be Ready To Collapse Here Ahead Of FEDON 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 again but I have opened a short here and will add more if it does hit the band.
SPX analysis thread linked.
Not advice.
10/30/22 ONON Semiconductor Corporation ( NASDAQ:ON )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 29.235B
Current Price: $67.48
Breakout price: $68.50
Buy Zone (Top/Bottom Range): $66.65-$59.00
Price Target: $86.90-$88.50 (2nd)
Estimated Duration to Target: 84-90d
Contract of Interest: $ON 1/20/23 70c
Trade price as of publish date: $6.30/contract
On Semi Broke Out and Pulled Back. Now It’s BouncingOn 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 moving average (SMA) recently crossed above the 200-day SMA. That “golden cross” may signal that its the eight-month consolidation phase is coming to an end.
Third, stochastics are rebounding from an oversold condition.
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ON - Lights About To Go Out 😨🐻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 descending channel does then see pump up to the previous high but there is a lot a bearish divergence from BC and so this appears to be UT - momentum is shifting.
A weekly close with bearish body would help confirm downside.
I also have bearish bias on Nasdaq from herein.
And so i think ON is going to have a nasty tumble soon.
Approximate target is support at $26.