ON HOLDING AG-CLASS A (ONON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ONON - CH1134540470 - Common Stock
We assign a technical rating of 5 out of 10 to ONON. Recently some decent action could be observed, but in the medium term time frame this is still negative. ONON was also a bad performer in the overall market in the last year.
ONON has an average technical rating and the quality of the presented setup is also not ideal 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
35.12
We found 2 important support areas.
- A support zone ranging from 48.37 to 48.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.77 to 49.51. 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 | UP | POSITIVE | The short term trend for ONON is up. |
| ChartMill Relative Strength | 39.69 | 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) | 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) | 67.18 | NEUTRAL | The RSI value for ONON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ONON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.55 | OVERBOUGHT | The high Stochastics value suggests ONON may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ONON suggests some volalility. |
| Average Directional Index/ADX (14) | 36.96 | POSITIVE | The high ADX value value for ONON suggests a strong trend. |
48.76
-0.74 (-1.49%)
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 5 / 10 to ONON.
Can you provide the trend direction for ON HOLDING AG-CLASS A?
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 67.1839. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ON HOLDING AG-CLASS A?
The MACD indicator for ON HOLDING AG-CLASS A (ONON) has a value of 0.501036, indicating a bearish trend.
What is the short term momentum for ON HOLDING AG-CLASS A (ONON) stock?
The short term momentum for ON HOLDING AG-CLASS A (ONON) is positive.