Is ON Semiconductor Corp. technically bullish or bearish?

As of 31 October 2025, the technical trend for ON Semiconductor Corp. has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by bearish signals in the MACD and KST on both weekly and monthly time frames, as well as a bearish indication from the Bollinger Bands. The moving averages show a mildly bullish signal on the daily chart, but this is overshadowed by the overall bearish sentiment in the weekly and monthly indicators. Additionally, the Dow Theory indicates a mildly bullish stance on the weekly but shifts to mildly bearish on the monthly.
In terms of performance, ON Semiconductor has underperformed the S&P 500 across multiple periods, with a year-to-date return of -20.57% compared to the S&P's 16.30%, and a one-year return of -28.95% versus 19.89% for the index.