Trading ON: Robot Factory's Outstanding 4.12% Gain in a Week
The Swing Trader's AI trading robot using the Popular Stocks: Long Bias Strategy (TA&FA) has been generating positive returns for ON over the past week, with a notable 4.12% gain. Technical analysis suggests that the stock may bounce back above the lower band and potentially move towards the middle band, indicating a potential buying opportunity for traders who are willing to explore call options or purchase the stock.
Moreover, historical data reveals that in 39 out of 46 instances where ON's price broke its lower Bollinger Band, its price rose further in the following month, suggesting an 85% likelihood of a continued upward trend. This finding supports the potential for further gains in ON, which the AI trading robot from Swing Trader appears to have identified.
In addition to technical analysis, fundamental analysis can also be used to evaluate the company's financial performance. The latest earnings report on May 01 indicated that ON had beaten the earnings per share estimate of $1.08, with reported earnings per share of $1.19. This positive result indicates that the company's earnings are growing and may continue to do so, potentially leading to further gains in the stock price.
With 6.09 million shares outstanding, the current market capitalization of ON is $35.13 billion, indicating that the stock is a large-cap company with significant market share. As such, it may be viewed as a relatively safe investment opportunity, particularly when considering its positive earnings report and the technical analysis results indicating a potential upward trend.
The Swing Trader's AI trading robot has identified ON as a top performer, generating a 4.12% gain over the past week. Technical analysis suggests that the stock may have a potential buying opportunity, while fundamental analysis reveals positive earnings results, indicating potential growth in the company. With a large market capitalization and a history of positive price action, ON may be an attractive investment opportunity for traders and investors alike.
ON in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 21, 2023
ON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where ON's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where ON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ON as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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.
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 62, 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 (5.811) is normal, around the industry mean (7.977). P/E Ratio (21.505) is within average values for comparable stocks, (53.975). Projected Growth (PEG Ratio) (1.463) is also within normal values, averaging (2.349). ON has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (5.051) is also within normal values, averaging (72.573).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
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.