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

Auto-detected technical analysis for ON · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$80.78last close · Aug 4, 202652-week range $44.56 – $134.92 · 40.13% below the high

ON Falling Wedge Pattern

ON is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $115.80 (+39.1%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; ON's own falling wedges have hit 47.8%.

DirectionBullishTarget$115.80Projected move+39.1%Breakout level$82.06

New to this pattern? What a falling wedge is and how to trade it →

ON's Most Recent Bullish Pennant Trade

ON's most recent completed bullish pennant resolved as a win: it broke higher on Apr 1, 2026 near $63.07, then reached its target at $106.02 on May 19, 2026 — a +5.34R move (68.1%) over 33 sessions. Across 110 backtested bullish pennants, this setup wins 45.5% of the time.

OutcomeWinResult+5.34REntry$63.07Exit$106.02

Learn about bullish pennant

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
ON win rate
47.8%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

ON Pattern Trade History

Every completed pattern trade our nightly backtest found on ON's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantApr 1, 2026 @ $63.07May 19, 2026 @ $106.02Win+5.34R
Rising WedgeJan 30, 2026 @ $61.61Feb 10, 2026 @ $67.38Loss-1.10R
Falling WedgeDec 3, 2025 @ $51.96Jan 16, 2026 @ $60.33Win+1.13R
Falling WedgeNov 25, 2025 @ $47.83Dec 16, 2025 @ $54.56Win+2.06R
TriangleOct 16, 2025 @ $52.63Nov 18, 2025 @ $45.56Loss-1.01R
Rising WedgeMay 12, 2025 @ $43.45Jun 27, 2025 @ $52.93Win+1.51R
Falling WedgeApr 2, 2025 @ $39.19Jun 3, 2025 @ $47.37Loss-1.16R
Falling WedgeDec 19, 2024 @ $64.85Jan 10, 2025 @ $54.55Win+1.80R
TriangleOct 15, 2024 @ $69.76Jan 10, 2025 @ $57.43Win+2.02R
Falling WedgeSep 27, 2024 @ $75.28Oct 21, 2024 @ $67.14Loss-1.18R
TriangleSep 20, 2024 @ $69.57Jan 10, 2025 @ $56.92Win+2.33R
TriangleSep 5, 2024 @ $69.60Jan 8, 2025 @ $58.31Win+1.25R

ON Support and Resistance Levels

Price is bouncing off a floor near $79.87 and starting to climb. On the weekly chart, the next ceiling overhead sits near $122.91 — about 52% away.

  • Traders commonly watch $122.91 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $79.87 floor, where price is testing it now, not out here in the climb. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $79.87, resistance near $120.52. These are chart/swing-derived levels, not formula pivots.

Resistance
$120.52$125.37$130.03
Support
$79.87$46.17$45.12

ON Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$84.39$84.48$79.50$80.78
Aug 3, 2026$79.85$83.66$78.91$80.40
Jul 31, 2026$86.54$86.70$81.42$81.61
Jul 30, 2026$82.93$84.99$81.67$83.74
Jul 29, 2026$83.03$84.60$78.81$78.86
Jul 28, 2026$86.19$86.88$83.63$84.39
Jul 27, 2026$87.82$89.77$84.58$89.04
Jul 24, 2026$88.49$89.63$85.83$86.81
Jul 23, 2026$88.86$91.03$87.71$90.13
Jul 22, 2026$89.90$94.26$89.31$92.33

ON Frequently Asked Questions

What chart pattern is ON forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on ON Semiconductor (ON) on the daily chart, with a measured-move target of $115.80.
Is a falling wedge bullish or bearish?
The falling wedge detected on ON is a bullish pattern, projecting a measured-move target of $115.80. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. 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 Aug 4, 2026), ON's nearest support is around $79.87 and nearest resistance around $120.52.
What is the price target if ON's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $115.80 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ON's closing price on Aug 4, 2026?
ON Semiconductor (ON) last closed at $80.78 on Aug 4, 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.