Is ON Semiconductor Corp. technically bullish or bearish?

As of 10 October 2025, the technical trend for ON Semiconductor Corp. has changed from sideways to mildly bearish. The current technical stance is bearish, with key indicators supporting this view including the MACD and Bollinger Bands both showing bearish signals on weekly and monthly time frames. The KST and Dow Theory also indicate a mildly bearish stance on both weekly and monthly levels. Although the daily moving averages are mildly bullish, they are outweighed by the overall bearish signals from other indicators.
In terms of performance, ON Semiconductor Corp. has underperformed compared to the S&P 500 across multiple periods, with a year-to-date return of -27.45% versus the S&P 500's 11.41%, and a one-year return of -34.95% compared to the S&P 500's 13.36%.