ON technical analysis
ON Technical Analysis
Analysis date
August 5, 2026
Market
NasdaqGS (USD)
Daily cutoff
August 4, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
ON Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- ON
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- August 4, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 80.78 | August 4, 2026 | - | Verified |
| Verification series | 80.79 | August 4, 2026 | 0.01% | Verified |
Bottom line
ON Technical Analysis Summary
ON is in a pronounced short-term downtrend that has spilled onto the weekly timeframe. The daily chart shows price at 80.78, below SMA20 (88.28) and SMA50 (103.97) with RSI14 at 38.58, a negative MACD histogram, and a 19.71% decline over the past 60 sessions. The stock sits at 40.08% of its 52-week range. The weekly chart shows price at 81.61, now below SMA20 (93.77) after the pullback from 134.92, though it remains above SMA50 (70.49) and SMA200 (70.41), reflecting the broader recovery from the 52-week low of 44.56. Key support is at 78.81 (daily 20 and 60 period low). Key resistance is at 88.28 (daily SMA20), 102.64 (daily 20 period high), and 103.97 (daily SMA50). A sustained close above SMA20 at 88.28 would improve the short-term outlook; a break below 78.81 would signal a deeper correction toward the weekly 20 period low at 55.03.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 4, 2026)
- Trend
- Mixed. Price at 80.78 is below SMA20 (88.28) and SMA50 (103.97) but above SMA200 (75.32). SMA20 is below SMA50, reflecting the recent sell-off, while SMA200 remains below price, showing the longer-term uptrend from the 2026 low is still intact on this timeframe. Price needs to reclaim SMA20 to signal a short-term trend shift.
- Momentum
- Bearish. RSI14 at 38.58 is below the 50 midline, indicating bearish momentum. MACD at -5.72 is below the signal line at -5.57 with a negative histogram of -0.15, confirming downside momentum on the daily timeframe.
- Volatility
- High. ATR14 at 6.02 (7.46% of price) reflects elevated daily swings. Bollinger Bands (77.75 to 98.81) are wide, and price is trading near the lower band, indicating strong downward pressure.
- Volume
- Well above average. Latest volume of 24,271,455 is 238% of the 20-period average (10,197,913), showing heavy participation during the recent decline.
Assessment
The daily chart shows a corrective phase within a longer-term recovery. Price has fallen 11.33% over the past 20 sessions and 19.71% over the past 60 sessions, trading below SMA20 and SMA50 with RSI below 50 and a negative MACD histogram. Volume expanded sharply during the pullback, suggesting active selling, while the small bounce on the latest session was not enough to reclaim any key moving average. With price at 40.08% of its 52-week range and pressing against the daily low zone at 78.81, the near-term risk remains skewed to the downside unless price reclaims SMA20.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 81.61 is below SMA20 (93.77) but above SMA50 (70.49) and SMA200 (70.41). SMA20 remains well above SMA50 and SMA200, reflecting the strong recovery from the 44.56 low, but price has slipped below the weekly SMA20 after the pullback from 134.92.
- Momentum
- Neutral to bearish. RSI14 at 46.14 is below the 50 midline. MACD at 6.14 is below the signal line at 10.25 with a negative histogram of -4.11, showing that weekly upside momentum is weakening even though the MACD line stays above zero.
- Volatility
- High. ATR14 at 12.72 (15.59% of price) reflects elevated weekly ranges, consistent with the volatile nature of the semiconductor sector and the sharp decline from the 52-week high.
- Volume
- Normal. Weekly volume is 91% of the 20-week average, indicating typical participation during the pullback.
Assessment
The weekly chart shows a medium-term recovery that is currently in a pullback. Price remains above SMA50 and SMA200 after a 39.39% gain over the past 20 weeks from the 44.56 low, but the break below SMA20, the falling RSI, and the deeply negative MACD histogram point to deteriorating momentum. The daily and weekly timeframes now lean bearish in the near term, while the weekly structure still holds a longer-term uptrend above SMA50 and SMA200.
Key indicators
ON Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 38.58 | 46.14 |
| MACD (12, 26, 9) | -5.72 / -5.57 / -0.15 | 6.14 / 10.25 / -4.11 |
| ATR (14) | 6.02 (7.46%) | 12.72 (15.59%) |
| Bollinger Bands (20, 2) | 77.75 - 98.81 | 53.52 - 134.01 |
| SMA (20) | 88.28 | 93.77 |
| SMA (50) | 103.97 | 70.49 |
| SMA (200) | 75.32 | 70.41 |
Price structure
ON Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 80.78 | 81.61 |
| 1-Period Return | +0.47% | -5.99% |
| 5-Period Return | -4.28% | -9.97% |
| 20-Period Return | -11.33% | +39.39% |
| 60-Period Return | -19.71% | +62.67% |
| 252-Period Return | +42.17% | N/A |
| 52-Week Low | 44.56 | 44.56 |
| 52-Week High | 134.92 | 134.92 |
| 52-Week Position | 40.08% | 41.00% |
Key levels
ON Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 102.64 | 134.92 |
| 20-Period Low | 78.81 | 55.03 |
| 60-Period High | 134.92 | 134.92 |
| 60-Period Low | 78.81 | 44.56 |
Scenarios
ON Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price closes back above the daily SMA20 at 88.28 and then reclaims the weekly SMA20 at 93.77, with the daily MACD histogram turning positive.
Invalidation
Price breaks below the daily 20-period low at 78.81 on a closing basis.
What to watch
A close above SMA20 (88.28); daily RSI recovering above 50; the MACD histogram moving toward zero; volume expanding on up days; the weekly MACD histogram starting to contract.
Range-Bound
Trigger
Price stabilizes between the 78.81 support and the 88.28-102.64 resistance zone.
Invalidation
A decisive daily close beyond either boundary.
What to watch
RSI oscillating in the 35-50 range; the MACD histogram hovering near zero; Bollinger Bands beginning to narrow; volume returning toward the 20-period average.
Bearish
Trigger
Price closes below the daily 20-period low at 78.81 and sustains the break.
Invalidation
Price reclaims the daily SMA20 at 88.28 and holds above it.
What to watch
Sustained closes below 78.81; daily RSI sliding below 30; rising downside volume; the weekly MACD line crossing below zero; the weekly 20-period low at 55.03 becoming the next downside reference.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 4, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 4, 2026, weekly July 27, 2026 week. Generated August 5, 2026.
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