ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONON - CH1134540470 - Common Stock
Overall ONON gets a technical rating of 2 out of 10. ONON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 78% of all other stocks performed better in the past year than ONON.
- In the last month ONON has a been trading in the 44.22 - 51.08 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.
- ONON has an average volume of 6905610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ONON is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 50% of 45 stocks in the same industry.
- ONON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ONON is lagging the market.
ONON has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
35.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.04 to 45.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.13 to 50.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.75 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ONON is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONON is down. |
| ChartMill Relative Strength | 22.79 | NEGATIVE | ONON has a low relative strength, it was outperformed by 77.21% 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) | UP | MIXED | The current price of ONON is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONON is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.32 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests ONON has a negative trend. |
| Stochastics (14,3) | 13.9 | OVERSOLD | The low Stochastics value suggests ONON may be oversold. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for ONON suggests a strong trend. |
45.05
-0.95 (-2.07%)
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 2 / 10 to ONON.
What is the trend direction for ONON stock?
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 42.3218. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ON HOLDING AG-CLASS A?
ON HOLDING AG-CLASS A (ONON) has a support level at 45.04 and a resistance level at 49.13. Check the full technical report for our detailed analysis of ONON support and resistance levels.