ON Semiconductor (ON): Potential Recovery from a Major Base — Preparing for Both Breakout & Pullback
ON Semiconductor (
ON) is currently trading around $76.14, after a sharp correction from the $130 area in mid-2026.
On the Daily chart, the stock appears to be developing a large consolidation/base structure. RSI has started to recover from weak levels, while the recent price action shows signs of stabilization and a potential Higher Low formation.
However, the price is still trading below the 100 EMA at approximately $84.88.
Therefore, I would not consider the bullish reversal confirmed yet.
Disclaimer
This post is for educational and informational purposes only and represents a technical-analysis-based trading scenario, not financial advice. The projected scenarios are not guarantees of future price movements. Investors and traders should consider their own risk tolerance, position sizing, entry price, and risk-management strategy before making any investment decision.
ON Semiconductor (
ON) is currently trading around $76.14, after a sharp correction from the $130 area in mid-2026.On the Daily chart, the stock appears to be developing a large consolidation/base structure. RSI has started to recover from weak levels, while the recent price action shows signs of stabilization and a potential Higher Low formation.
However, the price is still trading below the 100 EMA at approximately $84.88.
Therefore, I would not consider the bullish reversal confirmed yet.
Disclaimer
This post is for educational and informational purposes only and represents a technical-analysis-based trading scenario, not financial advice. The projected scenarios are not guarantees of future price movements. Investors and traders should consider their own risk tolerance, position sizing, entry price, and risk-management strategy before making any investment decision.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.