ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
NYSE:ONON - CH1134540470 - Common Stock
43.3 USD
+0.45 (+1.05%)
43.33 USD
+0.03 (+0.07%)
We assign a technical rating of 0 out of 10 to ONON. 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.
88% of all other stocks performed better in the past year than ONON.
ONON is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry, of which 68% are performing better than ONON.
ONON is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ONON has a been trading in the 42.25 - 47.14 range, which is quite wide. It is currently trading near the lows of this range.
ONON has an average volume of 6145100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ONON has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
39.20
60.75
We found 2 important support areas.
- Support @41.04 from a trend line in the weekly time frame.
- Support @39.60 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 44.64 to 44.94. 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 46.06 to 48.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.07 from a horizontal line in the daily time frame.
- Resistance @54.76 from a horizontal 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 | 12.89 | NEGATIVE | ONON has a low relative strength, it was outperformed by 87.11% 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) | 37.86 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ONON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.6 | OVERSOLD | The low Stochastics value suggests ONON may be oversold. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | 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)
43.3
+0.45 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.05%
1 Week-5.97%
2 Weeks-4.16%
1 Month-10.15%
3 Month-17.14%
6 Month-6.76%
12 Month-10.96%
2 Year55.64%
3 Year169.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%3.4%
ATR Inc49.1%
Range Today1.8
ADR(20)1.38
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.89
Mansfield-2.38
10 Day High46.34
10 Day Low42.25
20 Day High47.14
20 Day Low42.25
52 Week High64.05
52 Week Low34.59
CS1 End41.04
CR1 Start44.64
Volume & EV
DER(3)0.37%
DER(5)-1.44%
Volume6.38M
Volume Incr-30.57%
Vol(5)5.23M
Vol(50)6.15M