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published in Blogs
Jun 06, 2023

$ON's Value Rises by 5.47% with Tickeron's Robot Factory in Action

AI trading robot, known as Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA), has demonstrated its prowess by delivering impressive gains in our robot factory. In the previous week, this remarkable robot generated a notable 5.47% gain while trading ON stock. Let's delve into the analysis of ON's recent price movements and its earnings results to gain insights into potential investment strategies.

ON, a prominent stock, recently broke above its upper Bollinger Band on May 18, 2023. This technical occurrence suggests that the stock might experience a reversal, with a potential decline as it retraces towards the middle band. Traders and investors should consider this breakout as a signal to evaluate their positions. Selling the stock or exploring put options could be viable strategies to capitalize on the anticipated downturn.

To support this analysis, the AI advisor examined 42 similar instances when the stock broke above the upper band. In a remarkable 33 out of 42 cases, the stock experienced subsequent declines. This historical evidence indicates a success rate of approximately 79% for similar scenarios, reinforcing the potential for ON's stock to follow a similar pattern.

Apart from analyzing the price movement, evaluating a company's financial performance is essential for making informed investment decisions. ON recently released its earnings report on May 01, which revealed an earnings per share (EPS) of $1.19. This exceeded the estimated EPS of $1.08, indicating a positive surprise for investors.

With 561.56K shares outstanding, ON's current market capitalization stands at an impressive $37.50 billion. This figure highlights the company's substantial presence and provides investors with valuable information to assess ON's market value.

The Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA) AI trading robot has proven its capability by delivering a noteworthy 5.47% gain while trading ON stock in the previous week. The technical analysis suggests that the recent breakout above the upper Bollinger Band could potentially lead to a reversal, as seen in similar historical instances. Traders and investors are encouraged to consider selling the stock or exploring put options to take advantage of the anticipated decline.

Furthermore, ON's recent earnings report showcased impressive results, with an EPS of $1.19 surpassing the estimated figure of $1.08. The company's market capitalization of $37.50 billion indicates its significant presence in the market.

Related Ticker: ON

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 .

Price Prediction Chart

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)

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 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

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), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), 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 28.05B. The market cap for tickers in the group ranges from 13.43K to 1.04T. NVDA holds the highest valuation in this group at 1.04T. 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 -4%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 4%. NLST experienced the highest price growth at 12%, while LAES experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 17%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

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

Valuation Rating: 57
P/E Growth Rating: 50
Price Growth Rating: 55
SMR Rating: 63
Profit Risk Rating: 62
Seasonality Score: -36 (-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 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ON
1D Price
Change %
ON100%
-1.49%
MCHP - ON
86%
Closely correlated
-1.36%
NXPI - ON
86%
Closely correlated
-2.10%
MPWR - ON
84%
Closely correlated
-1.07%
TER - ON
82%
Closely correlated
-1.84%
POWI - ON
82%
Closely correlated
-0.38%
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