Best ways to trade: ON Semiconductor Corporation

Ticker: ON
Asset type: Stocks
Last updated: Saturday, March 02, 2024 at 08:00 AM
Logo_ON

Follow the section below to learn how to trade. Remember that past results are not necessarily indicative of future results. Learn more in the disclaimer. Pine Script™ is registered by TradingView Inc, for more info click here.

How easy it is to trade ON Semiconductor Corporation

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

Traders results for ON Semiconductor Corporation (ON)
WTT easy score
4/5
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
117 of 3840
Traders still trading this asset

How many traders are trading ON Semiconductor Corporation?

The strategies of 3840 traders are under continuous monitoring. On 02-03-2024, 117 traders were actively engaged in ON Semiconductor Corporation trading. This signifies the popularity of ON Semiconductor Corporation as a less prominent investment.
All time return
54.27%
Highest return between our traders

What was the best return trading ON Semiconductor Corporation?

Among the 117 traders we have assessed, the highest return we monitor is 54.27% on ON Semiconductor Corporation.
Profitable traders
78.38%
How many are profitable

How many traders are profittable day trading ON Semiconductor Corporation?

At the moment 78.38% of the traders are creating some profit from their strategies.
Best Trading Strategy
Momentum
The most effective trading strategy

Which day trading strategy is the most efective for ON Semiconductor Corporation?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
uncertain
Traders attitude in the last 7 days

What is the opinion of traders on the value of ON Semiconductor Corporation?

The current attitude of the investors regarding the asset is uncertain.

Best trading strategy for ON Semiconductor Corporation (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Momentum
Current best
Annual return
1.48%
Estimated of the annual return
Time scale
1m
Current best
Win Trades
0
% win trades
Num trades
38
Trades executed
Free Trading Strategy!

Subscribe to the free version and download the strategy.

Download the strategy for ON Semiconductor Corporation

Pine script is a system created by TradingView to backtest trading strategies and create custom indicators.

 

Let’s analyze the details of the strategy: 

Indicators

Explore the following key trading indicators that can help analyze price movements and guide trading decisions for ON Semiconductor Corporation.
MACD
12/26/9
First indicator

Best lagging indicator for ON Semiconductor Corporation

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

RSI
4/20/71
Second indicator

Best leading indicator for ON Semiconductor Corporation

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
Go Premium to see it

Best macro indicator for ON Semiconductor Corporation

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for ON Semiconductor Corporation.
Main entry strategy
RSI < 20 and MACD > signal
The current best strategy for entry

Technical indicator entry strategy for ON Semiconductor Corporation

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
Go Premium to see it

Other entry strategy for ON Semiconductor Corporation

Available only in the premium version.

Alerts to monitor
Go Premium to see it

Alerts to monitor for ON Semiconductor Corporation

Available only in the premium version.

Exit point strategy

Discover potential exit points for ON Semiconductor Corporation.
Main exit strategy
RSI > 71 and MACD < signal
The current best strategy for exit

Best exit strategy for ON Semiconductor Corporation

here you can find the detail for Implement an effective exit strategy for ON Semiconductor Corporation.
Alerts to monitor
Go Premium to see it

Alerts to monitor for ON Semiconductor Corporation

Available only in the premium version.

Trading guide for ON Semiconductor Corporation

WTT score
4/5
Taking a closer look at ON Semiconductor Corporation, this analysis wants to shed light on what the trading experience is. The asset’s price volatility is marked, entailing significant movements. ON Semiconductor Corporation offers a fairly smooth trading experience for market participants. The asset is experiencing a steep downtrend, indicative of bearish market sentiment. Considering the factors discussed above, it’s apparent that it is strongly advised to trade ON Semiconductor Corporation.
Pro
– Potential for strong gains in an environment rich with trading opportunities.

– Steep decline characterizes the market, indicating strong bearish undertones.

Cons
– May require a high risk tolerance to withstand sharp market falls.

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Trend analysis for ON Semiconductor Corporation (ON)

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for ON Semiconductor Corporation?

The following section delves into the question of whether market conditions will continue for ON Semiconductor Corporation.At present, the market is exhibiting a panic sentiment. Over the past few weeks, the market has experienced an oscillation of 0.55 points, exhibiting a downward trend over 37896 periods. This suggests a relatively long-lasting market regime. The market has exhibited substantial price fluctuations, signifying bearish tendencies and suggesting investor prudence.
How long is lasting?
110 Days
The number of days this trend is lasting

How long this trend is lasting for ON Semiconductor Corporation?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Headline Risk
Type: News

What is the main risk factor for ON Semiconductor Corporation?

Risk factor 2

Competitive risk
Type: Operational

What is the second most important factor for ON Semiconductor Corporation?

Go Premium to see the alerts for ON Semiconductor Corporation.

Brookers

Selecting the right broker is crucial in trading. This decision hinges on various criteria, including regional accessibility, cost-effectiveness, and compliance with local regulations. In this list, we present a concise, expert-curated list of brokers widely utilized by our seasoned traders to help you make an informed selection that aligns with your trading objectives.

Used by 32%
Exness
Used by 19%
Used by 9%
Download tested strategies now

Start to generate your second income today

Create a free account to continue and enjoy access to the best trading strategies for free for TradingView.