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ON HOLDING AG-CLASS A (NYSE:ONON) - A Technical Breakout Candidate Worth Watching

By Mill Chart

Last update: Jul 12, 2025

ON HOLDING AG-CLASS A (NYSE:ONON) has been identified as a potential breakout candidate by our technical screening process. The stock combines a solid technical foundation with a high-quality setup pattern, making it an interesting prospect for traders. Below, we break down the key factors supporting this view.

ONON stock chart

Technical Strength

  • Technical Rating of 7: ONON scores well above average, indicating a healthy uptrend. The long-term trend remains positive, though the short-term trend has recently turned neutral.
  • Strong Relative Strength: The stock has outperformed 85% of all stocks in the market over the past year and ranks in the top 21% of its industry (Textiles, Apparel & Luxury Goods).
  • Support Levels: Multiple support zones exist between $51.47 and $52.25, providing a cushion against downside moves.
  • Volume & Liquidity: Average daily volume of 5.2 million shares ensures good liquidity, reducing slippage risk.

Setup Quality

  • Setup Rating of 9: This high score suggests a well-defined consolidation pattern, often a precursor to a breakout.
  • Reduced Volatility: Recent price action has stabilized within a range ($50.75 - $56.81), signaling potential accumulation.
  • Institutional Interest: Large players have shown increased activity, and a recent Pocket Pivot signal further supports bullish momentum.
  • Clear Entry & Exit Levels: Resistance sits near $53.43, while support at $52.25 offers a logical stop-loss level.

For a deeper dive into the technicals, review the full technical report.

Our Technical Breakout Setups screener updates daily with fresh opportunities.

Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before trading.

ON HOLDING AG-CLASS A

NYSE:ONON (7/11/2025, 8:04:01 PM)

After market: 52.5 +0.06 (+0.11%)

52.44

-0.87 (-1.63%)



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ONON Latest News and Analysis

ChartMill News Image3 minutes ago - ChartmillON HOLDING AG-CLASS A (NYSE:ONON) - A Technical Breakout Candidate Worth Watching

ON HOLDING AG (NYSE:ONON) shows strong technicals and a high-quality setup, making it a breakout candidate. The stock has solid support, institutional interest, and low volatility.

ChartMill News Image2 days ago - ChartmillON HOLDING AG-CLASS A (NYSE:ONON) – A Strong Growth Stock with Technical Breakout Potential

ON HOLDING AG (NYSE:ONON) shows strong growth fundamentals, solid financial health, and a promising technical setup, making it a stock to watch for breakout potential.

ChartMill News Image4 days ago - ChartmillON HOLDING AG-CLASS A (NYSE:ONON) – A High-Growth Momentum Stock with Strong Technical Setup

ON HOLDING AG (NYSE:ONON) combines strong revenue growth, improving margins, and a favorable technical setup, making it a candidate for high-growth momentum investors.

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