ON Semiconductor Corporation(ONNN) is in an downtrend

(29-Jan-2008) (29-Jan-2008) ON Semiconductor Corporation(ONNN) closed at 6.86, up 0.12 or 1.78 % for the day. Based on our analysis, ON Semiconductor Corporation(ONNN) is in an downtrend.

The closing price of ON Semiconductor Corporation(ONNN) is below its 50 day moving average of 8.26 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that ON Semiconductor Corporation(ONNN) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 4-Jan-2008, about 18 trading days ago.