ON Semiconductor (ON) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for ON · data as of Jun 25, 2026. The chart above is live; the read below updates daily.

$118.74last close · Jun 25, 2026

ON Bearish Pennant Pattern

No chart pattern is currently detected on ON. The most recent was a Bearish Pennant, detected Jun 25, 2026.

A Bearish Pennant is a breakdown that suggests the recent run may be rolling over. It projects a measured-move target near $90.28 (−22.7%). Across 11,004 backtested bearish pennants, the setup followed through 44.1% of the time, averaging +0.15R; ON's own bearish pennants have hit 61.1%.

DirectionBearishTarget$90.28Projected move−22.7%Breakout level$115.03

ON's most recent Bullish Pennant trade

ON's most recent completed Bullish Pennant resolved as a win: it broke higher on Apr 6, 2026 near $63.49, then reached its target at $106.02 on May 19, 2026 — a +5.00R move (67.0%) over 31 sessions. Across 94 backtested bullish pennants, this setup wins 51.1% of the time.

OutcomeWinResult+5.00REntry$63.49Exit$106.02

How Bearish Pennants have performed

Win rate
44.1%
Avg return
+0.15R
Backtested trades
11,004
ON win rate
61.1%

Historical pattern statistics (1986-12-12 – 2026-06-12), not a prediction.

ON support and resistance levels

The weekly read is leaning lower. Price ran up into a ceiling near $124.92 about a week ago, and the rules still favor a move lower from here.

  • What started it: Price only had to touch that ceiling at some point during the week — it didn't need to close there.
  • What would call it off: Two weekly closes back above $126.17 — a touch above the $124.92 ceiling, the room the read is given before it's wrong.
  • Where it has room to go: There's room toward its measured target — the first price below where the move is likely to pause.
  • It's already come a long way in that direction.

Nearest auto-detected resistance near $124.92. These are chart/swing-derived levels, not formula pivots.

Resistance
$124.92$143.12$237.22

ON recent daily prices

DateOpenHighLowClose
Jun 25, 2026$121.00$121.30$112.16$118.74
Jun 24, 2026$117.14$117.28$111.21$115.74
Jun 23, 2026$123.24$124.05$116.27$117.06
Jun 22, 2026$125.58$132.42$125.19$131.55
Jun 18, 2026$117.89$122.18$117.58$121.62
Jun 17, 2026$120.24$121.31$112.80$112.92
Jun 16, 2026$125.35$127.84$118.05$118.25
Jun 15, 2026$123.49$126.22$121.28$125.90
Jun 12, 2026$115.96$118.59$113.99$116.79
Jun 11, 2026$113.66$116.40$110.76$115.96

ON frequently asked questions

What chart pattern is ON forming right now?
No pattern is currently detected on ON. The most recent was a Bearish Pennant, detected Jun 25, 2026.
Is a Bearish Pennant bullish or bearish?
The Bearish Pennant detected on ON is a bearish pattern, projecting a measured-move target of $90.28. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bearish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bearish Pennant family (11,004 trades over 516 symbols), it resolved in the expected direction 44.1% of the time with an average of +0.15R. These are historical statistics, not a prediction.
What are the support and resistance levels for ON?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), ON's nearest support is around n/a and nearest resistance around $124.92.
What is the price target if ON's pattern breaks out?
The detected Bearish Pennant has a geometry-based measured-move target of $90.28 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ON's closing price on Jun 25, 2026?
ON Semiconductor (ON) last closed at $118.74 on Jun 25, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.

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