ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
NYSE:ONON - New York Stock Exchange, Inc. - CH1134540470 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ONON. Although ONON is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, ONON did better than 88% of all other stocks.
ONON is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry. ONON outperforms 85% of them.
ONON has an average volume of 5185960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
In the last month ONON has a been trading in the 50.75 - 58.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
ONON has an average technical rating and also the quality of the setup is only medium 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
40.02
61.30
We found 3 important support areas.
- A support zone ranging from 51.47 to 53.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.41 from a trend line in the weekly time frame.
- Support @40.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.72 to 60.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.55 | POSITIVE | ONON has a high relative strength, it outperformed 88.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ONON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.85 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ONON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.69 | NEUTRAL | The Stochastics value for ONON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for ONON suggests a possible start of a new 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)
54.31
+0.61 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.14%
1 Week5.27%
2 Weeks4.7%
1 Month-6.41%
3 Month37.11%
6 Month-4.08%
12 Month46.03%
2 Year50.86%
3 Year149.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.84
ATR(20)%3.19%
ATR Inc52.96%
Range Today1.21
ADR(20)1.7
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.55
Mansfield-0.01
10 Day High55.95
10 Day Low50.75
20 Day High58.25
20 Day Low50.75
52 Week High64.05
52 Week Low34.59
CS1 End52.48
CR1 Start52.9
Volume & EV
DER(3)0.53%
DER(5)0.3%
Volume3.20M
Volume Incr151.17%
Vol(5)10.29M
Vol(50)5.19M