ON Semiconductor Corporation (ON)
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.09% per annum.
- ON price at the close of April 26, 2024 was $68.06 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.23% per annum.
- ON price at the close of April 26, 2024 was higher than the top border of the secondary price channel by $0.61 (0.91%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ON price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 6, 2023
End date: April 26, 2024
a = 6.3084
b = -0.0011
s = 0.0905
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -34.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0905) – 1
= 43.63%
June 6, 2023 calculations
Top border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 + 2 × s)
= Exp(a + b × 1,499 + 2 × s)
= Exp(6.3084 + -0.0011 × 1,499 + 2 × 0.0905)
= Exp(4.7774)
= $118.80
Bottom border of price channel:
Exp(Y1,034)
= Exp(a + b × X1,034 – 2 × s)
= Exp(a + b × 1,499 – 2 × s)
= Exp(6.3084 + -0.0011 × 1,499 – 2 × 0.0905)
= Exp(4.4154)
= $82.71
April 26, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(6.3084 + -0.0011 × 1,824 + 2 × 0.0905)
= Exp(4.4062)
= $81.96
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.3084 + -0.0011 × 1,824 – 2 × 0.0905)
= Exp(4.0442)
= $57.06
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 34.09% per annum.
- ON price at the close of April 26, 2024 was $68.06 and was inside the primary price channel.
Secondary Trend
Start date: March 1, 2024
End date: April 26, 2024
a = 12.7789
b = -0.0047
s = 0.0329
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0047) – 1
= -82.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0329) – 1
= 14.07%
March 1, 2024 calculations
Top border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 + 2 × s)
= Exp(a + b × 1,768 + 2 × s)
= Exp(12.7789 + -0.0047 × 1,768 + 2 × 0.0329)
= Exp(4.4764)
= $87.92
Bottom border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 – 2 × s)
= Exp(a + b × 1,768 – 2 × s)
= Exp(12.7789 + -0.0047 × 1,768 – 2 × 0.0329)
= Exp(4.3448)
= $77.07
April 26, 2024 calculations
Top border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(12.7789 + -0.0047 × 1,824 + 2 × 0.0329)
= Exp(4.2113)
= $67.45
Bottom border of price channel:
Exp(Y1,258)
= Exp(a + b × X1,258 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(12.7789 + -0.0047 × 1,824 – 2 × 0.0329)
= Exp(4.0797)
= $59.13
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 82.23% per annum.
- ON price at the close of April 26, 2024 was higher than the top border of the secondary price channel by $0.61 (0.91%). This indicates a possible reversal in the secondary trend direction.