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ON Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: ON Semiconductor is poised for growth due to its strong position in the EV sector, benefiting from increased demand for silicon carbide chips. Positive upcoming earnings and government support further bolster prospects.



Bearish Case: Supply chain disruptions, regulatory changes, and geopolitical tensions threaten ON Semiconductor's growth. The recent bearish sentiment could significantly impact stock performance in the upcoming months.



Potential Outcomes:

1. Bullish outlook due to EV demand surge (60%).

2. Potential regulatory impacts leading to supply chain challenges (25%).

3. Market volatility reducing stock pricing momentum (15%).



Trading Oracle: Utilize bullish debit spreads by buying ON $70 calls and selling $74 calls, targeting a near-term upside. This strategy aligns with Helium’s long volatility model, capturing alpha from anticipated price movements in response to strong EV sector growth. Strong odds of profit are projected at 65%.


November 17, 2024


ON Semiconductor Forecast

ON        ON Semiconductor

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