ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
NYSE:ONON - New York Stock Exchange, Inc. - CH1134540470 - Common Stock - Currency: USD
Taking everything into account, ONON scores 3 out of 10 in our technical rating. ONON was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ONON has a been trading in the 49.61 - 55.95 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ONON is one of the better performing stocks in the market, outperforming 77% of all stocks.
ONON is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry. ONON outperforms 71% of them.
ONON has an average volume of 5053330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
Although the technical rating is bad, ONON does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
40.19
60.75
We found 3 important support areas.
- Support @49.94 from a horizontal line in the daily time frame.
- Support @43.06 from a trend line in the weekly time frame.
- Support @40.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 52.29 to 53.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.32 to 55.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.17 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 | 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 | 77.94 | POSITIVE | ONON has a high relative strength, it outperformed 77.94% 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) | 42.23 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ONON has a negative trend. |
| Stochastics (14,3) | 20.83 | NEUTRAL | The Stochastics value for ONON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 19.97 | NEGATIVE | The low ADX value for ONON suggests a weak or negative 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)
50.76
+0.81 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.62%
1 Week-4.44%
2 Weeks-3.2%
1 Month-1.61%
3 Month12.72%
6 Month-15.61%
12 Month26.21%
2 Year41%
3 Year133.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%3.58%
ATR Inc7.67%
Range Today1.33
ADR(20)1.75
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.94
Mansfield-0.91
10 Day High54.41
10 Day Low49.61
20 Day High55.95
20 Day Low49.61
52 Week High64.05
52 Week Low34.59
CS1 End49.94
CR1 Start52.29
Volume & EV
DER(3)-2.91%
DER(5)-1.47%
Volume4.13M
Volume Incr-7.55%
Vol(5)5.09M
Vol(50)5.05M