ON Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BEAR
Technology · Semiconductors
ON is currently showing a bearish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $91.83, currently 0.77% away. This pattern has shown a 2.2x profit factor across 16 backtested trades.
Current Setup
Close$92.54 -2.96%
Breakout Level$91.83
Distance to Level0.77%
RVOL0.3×
Pressure76
PatternChannel
Trade Plan
Entry$91.38
Stop$92.47
TP1$90.29
TP2$89.20
TP3$88.11
Chart
Backtest Performance
Win Rate
69%
Profit Factor
2.19x
Avg R
+0.37R
Trades
16
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jun 26 | BEAR | A- | $110.41 | $112.56 | $108.27 | $108.27 | WIN | +1.00R | 2 |
| Jun 2 | BULL | A- | $121.61 | $120.15 | $123.06 | $123.06 | WIN | +0.99R | 2 |
| May 11 | BULL | A- | $104.61 | $103.60 | $105.63 | $105.63 | WIN | +1.01R | 4 |
| May 11 | BULL | A | $103.74 | $102.64 | $104.83 | $104.83 | WIN | +0.99R | 3 |
| May 5 | BULL | A- | $104.40 | $103.20 | $105.60 | $105.60 | WIN | +1.00R | 2 |
| May 4 | BULL | A- | $103.68 | $102.75 | $104.61 | $102.75 | LOSS | -1.00R | 3 |
| Apr 22 | BULL | A- | $87.66 | $86.64 | $88.69 | $88.69 | WIN | +1.01R | 8 |
| Apr 10 | BULL | A- | $69.14 | $68.64 | $69.65 | $68.64 | LOSS | -1.00R | 4 |
| Apr 6 | BULL | A- | $62.66 | $61.76 | $63.55 | $63.55 | WIN | +0.99R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-07-15 | B | BEAR | $91.83 | 2.21% | 76 | — |
| 2026-07-15 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-15 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-15 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-15 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-14 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-14 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-14 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-14 | A- | BEAR | $91.83 | 1.99% | 75 | — |
| 2026-07-14 | A- | BEAR | $91.83 | 1.99% | 75 | — |
Bot Activity
No bot trades on ON yet.
Other Active Breakout Setups
Earnings
Next Report2026-08-03 · TBD
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