ON HOLDING AG-CLASS A (ONON)
CH1134540470 - Common Stock
We assign a technical rating of 8 out of 10 to ONON. In the last year, ONON was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ONON has a been trading in the 53.08 - 60.12 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ONON did better than 93% of all other stocks. On top of that, ONON also shows a nice and consistent pattern of rising prices.
ONON is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry. ONON outperforms 87% of them.
ONON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ONON is performing more or less in line with the market.
ONON has an average volume of 3351070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
ONON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 54.76, a Stop Loss order could be placed below this zone.
More info and screens
47.50
60.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.75 to 54.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.18 to 52.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.98 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 55.02 to 56.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @59.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield2.35
10 Day High57.81
10 Day Low53.08
20 Day High60.12
20 Day Low53.08
52 Week High60.12
52 Week Low26.03
Performance
1 Week-3.32%
2 Weeks-5.37%
1 Month-6.42%
3 Month5.92%
6 Month47.27%
12 Month106.14%
2 Year219.17%
3 Year44.86%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.45
RSI(14)45.47
LBB54.18
UBB58.64
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.78 | 54.74 | 2.04 (3.59%) | 25.00% |
| An entry @56.78. This is a Buy Stop order right above the resistance zone. | An exit @54.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.04 points, which is 3.59%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ONON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ON HOLDING AG-CLASS A
NYSE:ONON (12/31/2024, 8:04:01 PM)
Premarket: 55.32 +0.55 (+1%)54.77
-0.42 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.76%
1 Week-3.32%
2 Weeks-5.37%
1 Month-6.42%
3 Month5.92%
6 Month47.27%
12 Month106.14%
2 Year219.17%
3 Year44.86%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.9
ATR(20)%3.47%
ATR Inc-26.27%
Range Today0.93
ADR(20)1.84
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield2.35
10 Day High57.81
10 Day Low53.08
20 Day High60.12
20 Day Low53.08
52 Week High60.12
52 Week Low26.03
CS1 End54.76
CR1 Start55.02
Volume & EV
DER(3)1.18%
DER(5)1.99%
Volume1.72M
Volume Incr-33.83%
Vol(5)1.88M
Vol(50)3.35M