ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
NYSE:ONON • CH1134540470
We assign a technical rating of 4 out of 10 to ONON. ONON has been an average performer 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 42.27 - 47.30 range, which is quite wide. It is currently trading near the high of this range.
- ONON has an average volume of 4730040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, ONON turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- ONON is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 54% 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 45.52, a Stop Loss order could be placed below this zone.
More info and screens
35.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.91 to 45.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.88 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 46.70 to 47.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.95 to 49.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.64 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ONON is neutral. |
| ChartMill Relative Strength | 50.55 | NEUTRAL | ONON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONON is above the rising 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) | 55.48 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ONON has a positive trend. |
| Stochastics (14,3) | 71.71 | NEUTRAL | The Stochastics value for ONON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for ONON suggests a weak or negative trend. |
46.66
+1.37 (+3.02%)
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 4 / 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 55.478. 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 45.52 and a resistance level at 46.7. Check the full technical report for our detailed analysis of ONON support and resistance levels.