ON Semiconductor Corporation, together with its wholly owned subsidiaries, operates under the onsemi brand. Co. provides intelligent power and intelligent sensing solutions. Its segments include the Power Solutions Group (PSG), the Analog & Mixed-Signal Group (AMG), and the Intelligent Sensing Group (ISG). PSG offers a range of analog, discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, power conversion, and signal conditioning.
When researching a stock like ON Semiconductor, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ON Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ON stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ON 200 day moving average ("ON 200 DMA"), while one of the most popular "shorter look-backs" is the ON 50 day moving average ("ON 50 DMA"). A chart showing both of these popular moving averages is shown on this page for ON Semiconductor. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the ON 200 DMA and the ON 50 DMA, we get a moving average convergence divergence indicator ("ON MACD"). The ON MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis