ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
USA - NYSE:ONON - CH1134540470 - Common Stock
37.15 USD
-0.08 (-0.21%)
37.49 USD
+0.34 (+0.92%)
Taking everything into account, ONON scores 0 out of 10 in our technical rating. ONON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ONON is a bad performer in the overall market: 89% of all stocks are doing better.
ONON is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 82% of 48 stocks in the same industry do better.
ONON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ONON has a been trading in the 36.66 - 43.92 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ONON has an average volume of 5263490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ONON is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.77
60.75
We found 1 important support area.
- A support zone ranging from 37.14 to 37.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 41.60 to 42.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.18 to 43.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.56 from a horizontal line in the daily time frame.
- Resistance @56.64 from a trend line in the daily time frame.
- Resistance @60.15 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ONON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONON is down. |
| ChartMill Relative Strength | 11.3 | NEGATIVE | ONON has a low relative strength, it was outperformed by 88.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ONON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.41 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests ONON has a negative trend. |
| Stochastics (14,3) | 7.02 | OVERSOLD | The low Stochastics value suggests ONON may be oversold. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 27.19 | POSITIVE | The high ADX value value for ONON suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
37.15
-0.08 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.21%
1 Week-10.91%
2 Weeks-11.17%
1 Month-11.76%
3 Month-21.01%
6 Month-24.04%
12 Month-20.11%
2 Year44.72%
3 Year111.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.55
ATR(20)%4.16%
ATR Inc3.34%
Range Today1.15
ADR(20)1.46
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.3
3 months CRS7.83
6 months CRS8.9
Mansfield-3.46
10 Day High43.5
10 Day Low36.66
20 Day High43.92
20 Day Low36.66
52 Week High64.05
52 Week Low34.59
CS1 End37.14
CR1 Start41.6
Volume & EV
DER(3)-1.63%
DER(5)-1.59%
Volume7.92M
Volume Incr49.75%
Vol(5)7.62M
Vol(50)5.26M
ON HOLDING AG-CLASS A / ONON FAQ
What is the ChartMill technical rating of ON HOLDING AG-CLASS A (ONON) stock?
ChartMill assigns a technical rating of 0 / 10 to ONON.
Can you provide the trend direction for ON HOLDING AG-CLASS A?
The current trend direction for ON HOLDING AG-CLASS A (ONON) is Bearish.
Can you provide the RSI signal for ON HOLDING AG-CLASS A?
ON HOLDING AG-CLASS A (ONON) has an RSI value of 31.406. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ON HOLDING AG-CLASS A?
The MACD indicator for ON HOLDING AG-CLASS A (ONON) has a value of -0.449193, indicating a bearish trend.
What is the short term momentum for ON HOLDING AG-CLASS A (ONON) stock?
The short term momentum for ON HOLDING AG-CLASS A (ONON) is negative.