ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
NYSE:ONON - New York Stock Exchange, Inc. - CH1134540470 - Common Stock - Currency: USD
Overall ONON gets a technical rating of 0 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.
82% of all other stocks performed better in the past year than ONON.
In the last month ONON has a been trading in the 44.02 - 53.37 range, which is quite wide. It is currently trading near the lows of this range.
ONON has an average volume of 6419680 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 an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 55% of 50 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.
Volume is considerably higher in the last couple of days.
The technical rating of ONON is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.20
60.75
3 important support areas can be observed.
- A support zone ranging from 43.70 to 44.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.79 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 49.82 to 50.38. 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 @58.62 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 | 18.99 | NEGATIVE | ONON has a low relative strength, it was outperformed by 81.01% 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) | 39.44 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ONON has a negative trend. |
| Stochastics (14,3) | 21.09 | NEUTRAL | The Stochastics value for ONON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 28.57 | 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)
45.34
+1.13 (+2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg2.56%
1 Week-0.7%
2 Weeks-3.59%
1 Month-14.65%
3 Month-24.31%
6 Month-12.86%
12 Month6.58%
2 Year57.27%
3 Year126.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.22
ATR(20)%4.59%
ATR Inc38%
Range Today0.95
ADR(20)1.72
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.99
Mansfield-1.94
10 Day High52.2
10 Day Low44.02
20 Day High53.37
20 Day Low44.02
52 Week High64.05
52 Week Low34.59
CS1 End44.2
CR1 Start49.82
Volume & EV
DER(3)-0.05%
DER(5)-1.61%
Volume9.61M
Volume Incr166.65%
Vol(5)14.69M
Vol(50)6.42M