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 weekly MACD remains mildly bullish, but the overall indicators suggest a bearish stance, with the Bollinger Bands and KST both indicating bearish conditions on the weekly and monthly time frames. The daily moving averages are bullish, providing some support, but the Dow Theory shows a mildly bearish signal on the weekly chart.
In terms of performance, ON Semiconductor has underperformed the S&P 500 across multiple time frames, with a year-to-date return of -23.43% compared to the S&P 500's 16.30%, and a one-year return of -31.99% versus 19.89% for the index. Overall, the current technical stance is mildly bearish.