ON SEMICONDUCTOR - Daily - Technical analysis published on 11/12/2019 (GMT)
- 354
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 21.33 USD
My targets
22.23 USD (+3.40%)
22.98 USD (+6.88%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ON SEMICONDUCTOR as long as the price remains well above 21.33 USD. The buyers” bullish objective is set at 22.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.98 USD. If there is any crossing, the next objective would be the resistance located at 23.52 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ON SEMICONDUCTOR price is 21.50 USD. On the day, this instrument lost -0.60% and was traded between 21.21 USD and 21.65 USD over the period. The price is currently at +1.37% from its lowest and -0.69% from its highest.21.21
21.65
21.50
Here is a more detailed summary of the historical variations registered by ON SEMICONDUCTOR:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ON SEMICONDUCTOR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.57 | 20.20 | 21.33 | 21.50 | 22.23 | 22.98 | 23.52 |
| Change (%) | -13.63% | -6.05% | -0.79% | - | +3.40% | +6.88% | +9.40% |
| Change | -2.93 | -1.30 | -0.17 | - | +0.73 | +1.48 | +2.02 |
| Level | Major | Intermediate | Major | - | Major | 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 | 20.92 | 21.07 | 21.35 | 21.50 | 21.78 | 21.93 | 22.21 |
| Camarilla | 21.51 | 21.55 | 21.59 | 21.63 | 21.67 | 21.71 | 21.75 |
| Woodie | 20.99 | 21.10 | 21.42 | 21.53 | 21.85 | 21.96 | 22.28 |
| Fibonacci | 21.07 | 21.23 | 21.34 | 21.50 | 21.66 | 21.77 | 21.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.71 | 20.38 | 21.01 | 21.68 | 22.30 | 22.97 | 23.60 |
| Camarilla | 21.27 | 21.39 | 21.51 | 21.63 | 21.75 | 21.87 | 21.99 |
| Woodie | 19.69 | 20.37 | 20.98 | 21.66 | 22.28 | 22.96 | 23.57 |
| Fibonacci | 20.38 | 20.88 | 21.18 | 21.68 | 22.17 | 22.48 | 22.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.45 | 15.24 | 17.82 | 19.62 | 22.20 | 23.99 | 26.57 |
| Camarilla | 19.20 | 19.60 | 20.00 | 20.40 | 20.80 | 21.20 | 21.60 |
| Woodie | 13.84 | 15.44 | 18.21 | 19.81 | 22.59 | 24.19 | 26.96 |
| Fibonacci | 15.24 | 16.92 | 17.95 | 19.62 | 21.29 | 22.32 | 23.99 |
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): | 62.88 | |
| MACD (12,26,9): | 0.7500 | |
| Directional Movement: | 14.37 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 21.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.53 | |
| Elder Ray (13): | 0.48 | |
| Super Trend (3,10): | 19.80 | |
| Zig ZAG (10): | 21.50 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 79.50 | |
| TEMA (21): | 21.91 | |
| Williams %R (14): | -21.98 | |
| Chande Momentum Oscillator (20): | 2.93 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4600 | |
| Courbe Coppock: | 25.58 |
| MA7: | 21.54 | |
| MA20: | 20.29 | |
| MA50: | 19.42 | |
| MA100: | 19.38 | |
| MAexp7: | 21.38 | |
| MAexp20: | 20.53 | |
| MAexp50: | 19.75 | |
| MAexp100: | 19.58 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +5.96% | |
| Price / MA50: | +10.71% | |
| Price / MA100: | +10.94% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +4.72% | |
| Price / MAexp50: | +8.86% | |
| Price / MAexp100: | +9.81% |
News
The latest news and videos published on ON SEMICONDUCTOR at the time of the analysis were as follows:
- ON Semiconductor CEO Keith Jackson Elected Chair of Semiconductor Industry Association
- Half-Bridge Evaluation Board from GaN Systems and ON Semiconductor Demonstrates Next Performance Leap in GaN
- ON Semiconductor Ships 100 Million Image Sensors for Camera-based ADAS Systems in Support of Customers Like SUBARU
- ON Semiconductor and AImotive Announce Collaboration on Future Sensor Fusion Hardware Platforms
- ON Semiconductor to Announce Third Quarter 2019 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ON SEMICONDUCTOR - Daily