· Weekly signal · ON
ON Semiconductor Corporation (ON) hit by -25.5% weekly return on elevated volume
The large-cap chip stock’s reversal matters because short-term weakness is now testing an otherwise active trend backdrop.
ON Semiconductor Corporation (ON) finished the latest week at 90.65 USD, with its four-week return at -24.8%. The move keeps the Phoenix-based semiconductor maker under near-term pressure after a sharp earlier advance.
The weekly price path over 52 weeks frames the selloff in weekly context, not live intraday action. Turnover confirmed the move, with 88.7 million shares changing hands versus a 13-week average of 58.7 million, while Relative Strength at 20.7 points to weak tape quality.