---
title: "Semiconductor Stock Could Continue to Test Key Resistance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292806008.md"
description: "ON Semiconductor (NASDAQ: ON) trades at $92.75, below the $100 resistance level following a bear gap after its $7 billion Synaptics acquisition. Despite this, a bull signal suggests potential gains, with historical data indicating a 7% average gain one month later in similar setups. While 17 of 29 analysts recommend holding, high volatility and low sentiment may allow bulls to push the stock back toward $100."
datetime: "2026-07-15T18:55:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292806008.md)
  - [en](https://longbridge.com/en/news/292806008.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292806008.md)
generator: "portal-rs"
---

# Semiconductor Stock Could Continue to Test Key Resistance

Shares of **ON Semiconductor Corp (NASDAQ:ON)** are trading 1% lower at $92.75 this afternoon, extending its stay below the $100 threshold. The equity suffered a steep bear gap in late June, after news broke it would be purchasing Synaptics (SYNA) for $7 billion. ON remains 71% higher for 2026, however, with a bull signal indicating more gains could be on the way.

According to Schaeffer's Senior Quantitative Analyst Rocky White, ON Semiconductor stock is trading within 0.75 times the 100-day moving average's 20-day average true range (ATR), after spending at least 80% of the previous two weeks and 80% of the prior 42 trading sessions above that trendline. 

This setup has appeared 16 times over the last decade, after which the stock was higher one month later 67% of the time, averaging a 7% gain. A shift of similar magnitude would put the security just below the $100 mark.

It's also worth noting, out of the 29 brokerages following ON, 17 are sporting a "hold" recommendation. This leaves plenty of room for bulls to move in, should this sentiment begin to unwind.

Lastly, ON sports an **Schaeffer's Volatility Scorecards (SVS)** reading of 92 out of 100. This suggests the stock has realized higher volatility than its options have priced in over the past 12 months.

### Related Stocks

- [ON.US](https://longbridge.com/en/quote/ON.US.md)
- [SYNA.US](https://longbridge.com/en/quote/SYNA.US.md)
- [ONX.US](https://longbridge.com/en/quote/ONX.US.md)
- [ONG.US](https://longbridge.com/en/quote/ONG.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**