ON HOLDING AG-CLASS A (ONON) Technical Analysis
NYSE:ONON • CH1134540470
Current stock price
ONON Technical Rating and Analysis
Overall ONON gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, ONON is a bad performer in the overall market: 84% of all stocks are doing better.
- ONON is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 75% are performing better than ONON.
- ONON is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONON is lagging the market.
- In the last month ONON has a been trading in the 37.30 - 48.97 range, which is quite wide. It is currently trading near the lows of this range.
- ONON has an average volume of 5453570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ONON Weekly and Daily overview Charts
ONON Setup Rating and Analysis
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
ONON Support and Resistance Analysis
34.60
When analyzing the support we can see 2 important areas.
- Support @36.12 from a trend line in the weekly time frame.
- A support zone ranging from 34.95 to 34.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 39.22 to 39.80. 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 48.37 to 49.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.75 from a horizontal line in the daily time frame.
ONON Technical Indicator Signal Analysis
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 | 16.96 | NEGATIVE | ONON has a low relative strength, it was outperformed by 83.04% 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) | 30.11 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ONON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.97 | OVERSOLD | The low Stochastics value suggests ONON may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for ONON suggests high volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for ONON suggests a strong trend. |
ONON Chart- and CandleStick Pattern Analysis
ONON Technicals: Chart, Performance Metrics, Trend & Indicators
37.66
-1.21 (-3.11%)
ON HOLDING AG-CLASS A / ONON TA FAQ
What is the ChartMill technical rating of ON HOLDING AG-CLASS A (ONON) stock?
ChartMill assigns a technical rating of 0 / 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 30.1085. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ON HOLDING AG-CLASS A?
The buy/sell signal for ON HOLDING AG-CLASS A (ONON) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ONON stock?
ON HOLDING AG-CLASS A (ONON) has a support level at 36.12 and a resistance level at 39.22. Check the full technical report for our detailed analysis of ONON support and resistance levels.