ON HOLDING AG CLASS A - Daily - Technical analysis published on 04/13/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 31.35 USD
My targets
33.87 USD (+3.04%)
36.51 USD (+11.07%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 31.35 USD remains possible. It is advisable to trade ON HOLDING AG CLASS A with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 31.35 USD. The next bullish objective for buyers is set at 33.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 36.51 USD. If there is any crossing, the next objective would be the resistance located at 51.45 USD. PS: if there is a bearish break in the support located at 31.35 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The ON HOLDING AG CLASS A price is 32.87 USD. The price registered an increase of +0.21% on the session and was between 32.04 USD and 32.98 USD. This implies that the price is at +2.59% from its lowest and at -0.33% from its highest.32.04
32.98
32.87
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ON HOLDING AG CLASS A:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ON HOLDING AG CLASS A chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.09 | 28.71 | 31.35 | 32.87 | 33.87 | 36.51 | 51.45 |
| Change (%) | -20.63% | -12.66% | -4.62% | - | +3.04% | +11.07% | +56.53% |
| Change | -6.78 | -4.16 | -1.52 | - | +1.00 | +3.64 | +18.58 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.34 | 31.69 | 32.28 | 32.63 | 33.22 | 33.57 | 34.16 |
| Camarilla | 32.61 | 32.70 | 32.78 | 32.87 | 32.96 | 33.04 | 33.13 |
| Woodie | 31.46 | 31.75 | 32.40 | 32.69 | 33.34 | 33.63 | 34.28 |
| Fibonacci | 31.69 | 32.05 | 32.27 | 32.63 | 32.99 | 33.21 | 33.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.27 | 30.97 | 31.92 | 32.62 | 33.57 | 34.27 | 35.22 |
| Camarilla | 32.42 | 32.57 | 32.72 | 32.87 | 33.02 | 33.17 | 33.32 |
| Woodie | 30.40 | 31.03 | 32.05 | 32.68 | 33.70 | 34.33 | 35.35 |
| Fibonacci | 30.97 | 31.60 | 31.99 | 32.62 | 33.25 | 33.64 | 34.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.00 | 24.19 | 29.78 | 32.97 | 38.56 | 41.75 | 47.34 |
| Camarilla | 32.97 | 33.77 | 34.58 | 35.38 | 36.19 | 36.99 | 37.80 |
| Woodie | 22.21 | 24.79 | 30.99 | 33.57 | 39.77 | 42.35 | 48.55 |
| Fibonacci | 24.19 | 27.54 | 29.61 | 32.97 | 36.32 | 38.39 | 41.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.79 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -6.26 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 33.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 35.16 | |
| Elder Ray (13): | -0.61 | |
| Super Trend (3,10): | 31.25 | |
| Zig ZAG (10): | 32.87 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 29.22 | |
| TEMA (21): | 32.68 | |
| Williams %R (14): | -64.67 | |
| Chande Momentum Oscillator (20): | -1.18 | |
| Repulse (5,40,3): | 3.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 8.96 |
| MA7: | 32.51 | |
| MA20: | 33.73 | |
| MA50: | 32.39 | |
| MA100: | 30.31 | |
| MAexp7: | 32.85 | |
| MAexp20: | 33.20 | |
| MAexp50: | 32.31 | |
| MAexp100: | 31.07 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | -2.55% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | +8.45% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.99% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +5.79% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ON HOLDING AG CLASS A at the time of the analysis were as follows:
- On Reports Results for the Second Quarter and Six-Month Period Ended June 30, 2023
- On to Release Second Quarter Results on Tuesday, August 15, 2023
- On Reports First Quarter 2023 Results
- On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1'23
- On Announces Fourth Quarter and Full Year Results, and The Filing of Its Annual Report on Form 20-F for 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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