Setup snapshot
Independent BreakoutWed, May 13, 1:35 PM EDTDeveloping conviction

ONON Semiconductor Corporation

ON is registering as a independent breakout inside New cluster forming around $ON.

Open AssetOpen Theme
Conviction
50%
Developing conviction
Theme context
New cluster forming around $ON
Theme probability 35%
Score
38
intraday
Early confirmation
43%
igniting
What's happening
ON is registering as a independent breakout inside New cluster forming around $ON.
Why now
-0.42% in 60m (z=-1.03)
What confirms
Confirmation improves if $TW follow through with it.
What breaks
This read breaks if no broader confirmation shows up around ON.
Score breakdown
Why this setup scored the way it did.
Technology
Base
0
Raw disturbance in the name.
Within theme
0
How well it fits the surrounding group move.
Residual
1
What remains after stripping out broader beta.
Edges
0
Relationship and propagation support.
Watch next
Watch $TW for the next leg of confirmation.
Related names
$TW
Drivers
-0.42% in 60m (z=-1.03)
Volume 2.36x expected (60m)
Mention spike: 241 articles in 6h (z=5.81)