Why is ON Down Today?

ON
$71.31
▼ -3.28% ($-2.34)
Last updated: Nov 13, 2026 8:30 PM ET

About ON Semiconductor Corp

Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now purs...

Sector: SEMICONDUCTORS & RELATED DEVICES
Market Cap: $19.77B
Forward P/E: 15.6
52-Week Range: $44.56 - $134.92
Employees: 26,490

Overall Confidence: 65%

65% Confident

Based on news, social sentiment, options activity, and sector analysis

SECTOR 65% Confidence
🎯 SEMICONDUCTORS & RELATED DEVICES sector moving together
This appears to be a sector-wide move. The SEMICONDUCTORS & RELATED DEVICES sector is down 4.4% on average.

✅ Move Confirmation

LOW VOLUME 0.3x average volume

UNCONFIRMED - Low volume suggests this move may not be sustainable.

📍 Sector Context

SEMICONDUCTORS & RELATED DEVICES sector: -4.4%

This appears to be a sector-wide move. Most SEMICONDUCTORS & RELATED DEVICES stocks are moving in the same direction.

Market Comparison

ON is significantly underperforming the market (-2.9% vs SPY)
S&P 500
SPY
-0.36%
Nasdaq 100
QQQ
-1.2%
ON
This Stock
-3.28%
vs S&P 500: -2.92%
vs Nasdaq: -2.08%

📊 What Happens Next?

Probability Analysis

45% chance this move continues in the next 1-3 days

Expected Range

Based on historical patterns and options pricing, ON is expected to trade between:
$69.17 - $72.74

Key Level to Watch

$67.74 support
Watch for breakdown below $71.31

🔔 Get ON Alerts

We'll notify you when ON's trend changes or a new signal fires.

Last updated: Nov 13, 2026 8:30 PM (-95 minutes ago)
Data refreshes every 30 minutes during market hours

Options Market Insight

Bullish
Options Sentiment
0.39
Put/Call Ratio
85.1%
Implied Volatility
Call Volume: 16,735
Put Volume: 6,584
Total: 23,319
Unusual Activity: $70 CALL (3,335 vol) $70 CALL (2,993 vol) $68 CALL (2,955 vol)

Historical Context

ON has moved more than 3.0% down on 43 occasions in the past year.

46.5%
Continuation Rate
20/43 times continued down
+0.55%
Avg Next Day Change
After similar down moves
Last similar move: Nov 05, 2026 (-11.6%) → Next day: +0.5%

Frequently Asked Questions

Why is ON stock down today?

This appears to be a sector-wide move. The SEMICONDUCTORS & RELATED DEVICES sector is down 4.4% on average.

Is ON stock a buy or sell right now?

Based on current analysis, ON shows 65% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →

What is the ON stock price target?

ON is currently trading at $71.31. Based on today's momentum, the expected short-term range is $69.17 - $72.74. See long-term price prediction →

Will ON stock continue falling?

Our analysis shows a 45% probability that ON's move continues in the next 1-3 days. Key level to watch: $67.74 (support).

Is ON stock oversold or overbought?

ON's RSI (Relative Strength Index) is currently at 47.6. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.

What is the momentum for ON stock?

ON's 10-day momentum indicator is at -0.61. Negative momentum - the stock has mild downward pressure which may continue short-term.

Is ON outperforming or underperforming the market?

ON (-3.28%) is currently significantly underperforming the market (-2.9% vs SPY). Today, the S&P 500 (SPY) is down -0.36%, and Nasdaq (QQQ) is down -1.20%.

What does MACD indicate for ON?

ON's MACD (-1.36) is currently above the signal line (-1.58), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 12.2) is weak.

Is ON in an uptrend or downtrend?

Based on moving average analysis, ON is in a bearish trend. The price ($71.31) is trading below both the 20-day SMA ($72.19) and 50-day SMA ($74.06). This alignment typically indicates sustained downward pressure.

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