ON Semiconductor’s (ON) prospects in 2026 look stable. The company is expected to benefit from the continued expansion of the global chip market, driven by AI, automotive, energy, and industrial demand. However, a potential oversupply of power semiconductors could pressure pricing and margins for companies even as long‑term demand remains strong. Currently, ON stock is a Buy, according to the technical indicators, implying further upside from current levels.
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Analyzing ON Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, ON Semiconductor stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 55.41, while its price is $63.13, implying a bullish signal.
Further, the Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For ON stock, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, an ROC above zero confirms an uptrend. ON Semiconductor currently has an ROC of 11.18, which signals a Buy.
Is ON Semiconductor a Strong Buy?
Turning to Wall Street, ON stock has a Moderate Buy consensus rating based on nine Buys and 12 Holds assigned in the last three months. At $61.84, the average ON Semiconductor stock price target implies a 2.04% downside risk.
