ON Semiconductor Corp
Here’s whether ON Semiconductor Corp (ON) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Caution.
Positives: trading above the 200-day MA (long-term uptrend intact); RSI 40 — healthy momentum range; strong 1-year return of +56.6%. Concerns: below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-2.33% over 10 days); 3-month momentum negative (-11.8%); declining volume on rally — weak conviction (0.68x 30d avg). Currently 35.7% off its 52-week high. Score: +0/7.
ON is holding above its long-term 200-day MA ($74.15) but has slipped below the 50-day MA ($108.05), pointing to short-term weakness in an otherwise intact trend. An RSI of 40.0 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +56.6% compares to +16.5% for SPY (beat the market by 40.1%). The current 35.7% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.