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Nataliia Wilson's Avatar
published in Blogs
May 09, 2023

Last week, an AI trading robot produced a 5.59% increase in ON's earnings.

This AI trading bot, which can be found at  Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA), was a high performer in our robot factory, generating 5.59% for ON over the course of the previous week.

Last week, an artificial intelligence (AI) trading robot played a significant role in driving a 5.59% increase in ON's earnings. The company's stock price rose above its 50-day moving average on May 1, 2023, signaling a shift from a downward trend to an upward trend. Historical data analysis indicates that in 41 out of 49 similar instances, the stock price increased further within the following month, giving an 84% probability of a continued upward trend. In this article, we will analyze the factors contributing to this impressive performance and the outlook for ON's stock.

AI Trading Robot's Impact on ON's Earnings

The AI trading robot's ability to analyze vast amounts of data in real-time and make accurate predictions has been instrumental in generating a 5.59% increase in ON's earnings. By leveraging advanced machine learning algorithms, the trading robot was able to identify profitable trading opportunities that would have been difficult for human traders to spot.

Furthermore, the AI trading robot's capacity for rapid decision-making and execution allowed it to capitalize on these opportunities, maximizing returns for ON. As a result, ON's stock price rose above its 50-day moving average, indicating a shift in market sentiment and a change in the stock's trajectory.

Historical Context and Probability of Continued Upward Trend

An analysis of 49 similar instances in the past shows that when ON's stock price moves above its 50-day moving average, there is an 84% chance that the stock price will continue to increase within the following month. This historical trend suggests that the recent uptick in ON's earnings could potentially mark the beginning of a sustained period of growth for the company's stock.

Key Factors to Watch

Investors should keep an eye on the following factors that may influence ON's stock performance in the coming weeks:

  1. Market sentiment: Positive sentiment surrounding ON's AI-driven earnings boost could attract more investors, further driving up the stock price.
  2. Technological advancements: ON's commitment to continuous improvement and innovation in its AI trading strategies may lead to even better returns in the future.
  3. Competitors: As other companies develop and deploy their own AI trading robots, ON's competitive edge may be challenged, potentially impacting its stock price.
  4. Regulatory environment: Changes in regulations governing the use of AI in trading could affect ON's ability to leverage its trading robot, which may in turn influence its earnings.

The recent 5.59% increase in ON's earnings, driven by the successful deployment of an AI trading robot, has resulted in the company's stock price rising above its 50-day moving average. This shift indicates a change from a downward trend to an upward trend, with an 84% probability of continued growth based on historical data. Investors should monitor market sentiment, technological advancements, competitors, and the regulatory environment to make informed decisions about ON's stock in the coming weeks.

Related Ticker: ON

ON's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for ON turned positive on May 26, 2023. Looking at past instances where ON's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on ON as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for ON crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ON advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 273 cases where ON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ON moved out of overbought territory on May 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

ON broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 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 (5.963) is normal, around the industry mean (7.036). P/E Ratio (21.692) is within average values for comparable stocks, (54.645). Projected Growth (PEG Ratio) (1.713) is also within normal values, averaging (2.597). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (4.782) is also within normal values, averaging (11.985).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Texas Instruments (NASDAQ:TXN), QUALCOMM (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 27.62B. The market cap for tickers in the group ranges from 13.43K to 957.62B. NVDA holds the highest valuation in this group at 957.62B. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 16%, and the average quarterly price growth was 21%. QUIK experienced the highest price growth at 28%, while LAES experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was -2% and the average quarterly volume growth was 22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 56
Price Growth Rating: 45
SMR Rating: 62
Profit Risk Rating: 62
Seasonality Score: 4 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of semiconductors

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
5005 East McDowell Road
Phone
+1 602 244-6600
Employees
31109
Web
https://www.onsemi.com
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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 87% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ON
1D Price
Change %
ON100%
-1.08%
MCHP - ON
87%
Closely correlated
-0.84%
NXPI - ON
86%
Closely correlated
-1.31%
MPWR - ON
84%
Closely correlated
+0.84%
DIOD - ON
83%
Closely correlated
-0.64%
TER - ON
83%
Closely correlated
+0.33%
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