ON Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BULL
Technology · Semiconductors
ON is currently showing a bullish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $74.61, currently 0.34% away. This pattern has shown a 1.1x profit factor across 21 backtested trades.
Current Setup
Close$74.36 +2.76%
Breakout Level$74.61
Distance to Level0.34%
RVOL0.8×
Pressure71
PatternCompression
Trade Plan
Entry$74.91
Stop$74.21
TP1$75.60
TP2$76.30
TP3$77.00
Chart
Backtest Performance
Win Rate
52%
Profit Factor
1.10x
Avg R
+0.05R
Trades
21
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Aug 3 | BEAR | A- | $80.93 | $82.30 | $79.55 | $82.30 | LOSS | -1.00R | 2 |
| Jul 27 | BEAR | A- | $85.39 | $86.59 | $84.19 | $86.59 | LOSS | -1.00R | 2 |
| Jul 15 | BEAR | A- | $91.24 | $92.65 | $89.84 | $92.65 | LOSS | -1.00R | 4 |
| 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 |
|---|---|---|---|---|---|---|
| 2026-08-27 | B | BULL | $74.61 | 0.10% | 71 | — |
| 2026-08-26 | B+ | BEAR | $71.64 | 1.95% | 58 | — |
| 2026-08-26 | B+ | BEAR | $71.64 | 1.94% | 58 | — |
| 2026-08-26 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-26 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-26 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-26 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-25 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-25 | B | BEAR | $71.64 | 1.26% | 69 | — |
| 2026-08-25 | B | BEAR | $71.64 | 1.26% | 69 | — |
Bot Activity
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