ONON:NYSEOn Holding AG analysis
Data as of Oct 11, 2026 - not real-time
- Latest price
- $35.09
- Risk: medium
- 7/10Medium risk
Summary
At $35.09, On Holding AG shows a bearish moving-average alignment, with shorter averages beneath longer ones. The last 30 days have gained 21.2%. Momentum indicators put RSI at 76.8 (overbought) with MACD reading bullish. Recent trading has carved out support near $26.36 and resistance around $35.17.
On valuation the read is fair — an earnings multiple of 23.4, absent a reliable peer benchmark. Consensus targets land 24.0% above where the shares trade now. Revenue is growing at 13.5% on a 12.3% profit margin.
The composite risk read is 7/10, putting it in elevated territory. With 30-day volatility of 35.0%, a beta of 1.32 and a maximum drawdown of 47.1%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Across every horizon the signals point the same way: hold, at a conviction of 3 out of 10.
On valuation the read is fair — an earnings multiple of 23.4, absent a reliable peer benchmark. Consensus targets land 24.0% above where the shares trade now. Revenue is growing at 13.5% on a 12.3% profit margin.
The composite risk read is 7/10, putting it in elevated territory. With 30-day volatility of 35.0%, a beta of 1.32 and a maximum drawdown of 47.1%, position sizing matters more than entry timing here. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Across every horizon the signals point the same way: hold, at a conviction of 3 out of 10.
Top market events
- On Holding AG NYSE:ONON is expanding beyond its traditional running and tennis categories as it seeks to become a...
- On September 18, 2026, Reuters reported that French soccer star Kylian Mbappe ended a two-decade partnership with NIKE,...
- On Holding AG NYSE:ONON set out new long-term targets at its investor day in Zurich on September 22.
Market outlook
Short term
< 1 yearNeutral
Model confidence3/103 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- RSI at 76.8 signals overbought conditions
- Trading below the 200-day average of 37.64
Medium term
1–3 yearsNeutral
Model confidence2/102 out of 10
Key factors
- Short-term moving averages stacked below long-term ones
- RSI at 76.8 signals overbought conditions
- Trading below the 200-day average of 37.64
Long term
> 3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Analyst targets imply +24.0% versus the current price
- Revenue growth of +13.5%
- P/E ratio of 23.4
Key metrics
Financial health
Revenue Growth13.50%
Profit Margin12.30%
P/E Ratio23.4
ROE23.95%
ROA9.58%
Debt/Equity29.43
P/B Ratio5.1
Op. Cash Flow$525.4M
Free Cash Flow$288.5M
Technical analysis
TrendBearish
RSI76.8
Support$26.36
Resistance$35.17
MA 20$30.04
MA 50$30.76
MA 200$37.64
MACDBullish
VolumeDecreasing
Fear & Greed Index94.93
Valuation
Fair Value$20.01
Target Price$43.50
Upside/Downside23.98%
GradeFair
TypeGrowth
Risk assessment
Beta1.32
Volatility35.01%
Sector RiskHigh
Reg. RiskLow
Geo RiskLow
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.