Trading (ON) With Integrated Risk Controls
March 24, 2024, 17:56 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ON
- Buy ON slightly over 66.28 target 78.42 stop loss @ 66.09 Details
The technical summary data tells us to buy ON near 66.28 with an upside target of 78.42. This data also tells us to set a stop loss @ 66.09 to protect against excessive loss in case the stock begins to move against the trade. 66.28 is the first level of support below 74.68 , and by rule, any test of support is a buy signal. In this case, support 66.28 would be being tested, so a buy signal would exist.
- Short ON slightly under 78.42, target 66.28, stop loss @ 78.65 Details
The technical summary data is suggesting a short of ON as it gets near 78.42 with a downside target of 66.28. We should have a stop loss in place at 78.65though. 78.42 is the first level of resistance above 74.68, and by rule, any test of resistance is a short signal. In this case, if resistance 78.42 is being tested, so a short signal would exist.
Swing Trading Plans for ON
- Buy ON slightly over 74.76, target 78.42, Stop Loss @ 74.54 Details
If 74.76 begins to break higher, the technical summary data tells us to buy ON just slightly over 74.76, with an upside target of 78.42. The data also tells us to set a stop loss @ 74.54 in case the stock turns against the trade. 74.76 is the first level of resistance above 74.68, and by rule, any break above resistance is a buy signal. In this case, 74.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ON slightly near 74.76, target 70.93, Stop Loss @ 74.98. Details
The technical summary data is suggesting a short of ON if it tests 74.76 with a downside target of 70.93. We should have a stop loss in place at 74.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ON
- Buy ON slightly over 74.76, target 76.47, Stop Loss @ 74.59 Details
If 74.76 begins to break higher, the technical summary data tells us to buy ON just slightly over 74.76, with an upside target of 76.47. The data also tells us to set a stop loss @ 74.59 in case the stock turns against the trade. 74.76 is the first level of resistance above 74.68, and by rule, any break above resistance is a buy signal. In this case, 74.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ON slightly near 74.76, target 74.33, Stop Loss @ 74.93. Details
The technical summary data is suggesting a short of ON if it tests 74.76 with a downside target of 74.33. We should have a stop loss in place at 74.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for On Semiconductor Corporation (ON) available here: ON.
ON Ratings for March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
66.28 |
| P2 |
74.33 |
70.93 |
78.42 |
| P3 |
76.47 |
74.76 |
91.02 |
AI Generated Signals for ON
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ON:
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