Analyzing Last Week's Performance: Tickeron's Robot Generates +4.56% for ON
The Swing Trader: Top High-Volatility Stocks v.2 (TA) robot, developed in our state-of-the-art factory, has proven to be one of the best performers. With its recent impressive gain of +4.56% while trading ON (the ticker symbol for a particular stock) over the previous week, this AI trading robot has caught the attention of investors and analysts alike.
Momentum Indicator Signals Potential Upside: ON, a stock of interest, displayed a notable development on May 25, 2023, as its Momentum Indicator moved above the 0 level. This technical signal often suggests a potential shift in the stock's direction towards an upward trajectory. Traders monitoring this development may consider buying the stock or exploring call options to take advantage of the anticipated positive movement.
Analyzing Similar Instances: To better understand the implications of the positive Momentum Indicator for ON, we can turn to Tickeron's A.I.dvisor, which examined 96 similar instances in the past. Out of these 96 cases, the stock moved higher in 76 instances that followed the indicator's positive turn. This historical analysis indicates that the odds of ON experiencing a move higher are at an encouraging 79%.
Earnings Performance and Market Capitalization: Analyzing a company's financial health is crucial for investors, and examining its earnings report is an integral part of this assessment. ON's most recent earnings report, released on May 1, showcased earnings per share (EPS) of $1.19. This figure surpassed the estimated EPS of $1.08, reflecting a positive earnings surprise. With 1.41 million shares outstanding, the company currently boasts a market capitalization of approximately $38.45 billion.
The Swing Trader: Top High-Volatility Stocks v.2 (TA) robot has demonstrated its prowess by generating substantial gains, with a remarkable +4.56% increase while trading ON during the previous week. The positive turn of the Momentum Indicator on May 25 suggests the possibility of an upcoming upward move for the stock. Traders considering investment opportunities may find ON appealing based on historical data, which shows a favorable track record in similar instances. Additionally, ON's recent earnings report surpassing expectations further adds to its positive outlook.
Momentum Indicator for ON turns negative, indicating new downward trend
ON saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned negative. In of the 96 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for ON turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
ON moved below its 50-day moving average on September 11, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ON crossed bearishly below the 50-day moving average on September 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ON entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ON advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .
ON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ON’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.737) is normal, around the industry mean (7.984). P/E Ratio (21.231) is within average values for comparable stocks, (53.953). Projected Growth (PEG Ratio) (1.444) is also within normal values, averaging (2.360). ON has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (4.985) is also within normal values, averaging (72.684).
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of semiconductors
Industry Semiconductors
ON and
Correlation & Price change
A.I.dvisor indicates that over the last year, ON has been closely correlated with MCHP. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if ON jumps, then MCHP could also see price increases.