ON SEMICONDUCTOR

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	ON
ISIN:

ON SEMICONDUCTOR - 1H - Technical analysis published on 09/14/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 99.49 USD

My targets

96.01 USD (-0.81%)

93.57 USD (-3.33%)

My analysis

ON SEMICONDUCTOR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 99.49 USD. The next support located at 96.01 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 93.57 USD. Below this support, sellers could then target 92.19 USD.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ON SEMICONDUCTOR rating 96.79 USD. The price is lower by -0.04% since the last closing and was between 94.80 USD and 98.07 USD. This implies that the price is at +2.10% from its lowest and at -1.31% from its highest.

94.80

98.07

96.79

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ON SEMICONDUCTOR:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ON SEMICONDUCTOR chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	92.19	93.57	96.01	96.79	99.49	101.27	104.87
Change (%)	-4.75%	-3.33%	-0.81%	-	+2.79%	+4.63%	+8.35%
Change	-4.60	-3.22	-0.78	-	+2.70	+4.48	+8.08
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.76	95.08	95.95	97.27	98.14	99.46	100.33
Camarilla	96.23	96.43	96.63	96.83	97.03	97.23	97.43
Woodie	93.55	94.97	95.74	97.16	97.93	99.35	100.12
Fibonacci	95.08	95.91	96.43	97.27	98.10	98.62	99.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.41	93.27	95.59	98.45	100.77	103.63	105.95
Camarilla	96.50	96.97	97.45	97.92	98.40	98.87	99.35
Woodie	90.15	93.14	95.33	98.32	100.51	103.50	105.69
Fibonacci	93.27	95.25	96.47	98.45	100.43	101.65	103.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.48	78.05	88.26	98.83	109.04	119.61	129.82
Camarilla	92.75	94.65	96.56	98.46	100.37	102.27	104.18
Woodie	67.29	77.96	88.07	98.74	108.85	119.52	129.63
Fibonacci	78.05	85.99	90.90	98.83	106.77	111.68	119.61

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.66
MACD (12,26,9):	-0.3700
Directional Movement:	-11.06
AROON (14):	-28.57
DEMA (21):	96.68
Parabolic SAR (0,02-0,02-0,2):	98.04
Elder Ray (13):	-0.27
Super Trend (3,10):	99.61
Zig ZAG (10):	96.78
VORTEX (21):	1.0000
Stochastique (14,3,5):	41.80
TEMA (21):	96.49
Williams %R (14):	-47.88
Chande Momentum Oscillator (20):	-0.03
Repulse (5,40,3):	0.2700
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	1.96

MA7:	97.74
MA20:	95.64
MA50:	98.14
MA100:	91.44
MAexp7:	96.69
MAexp20:	97.13
MAexp50:	97.44
MAexp100:	97.23
Price / MA7:	-0.97%
Price / MA20:	+1.20%
Price / MA50:	-1.38%
Price / MA100:	+5.85%
Price / MAexp7:	+0.10%
Price / MAexp20:	-0.35%
Price / MAexp50:	-0.67%
Price / MAexp100:	-0.45%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on ON SEMICONDUCTOR. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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