Stocks › ONON
On Holding AG (ONON) stock analysis
WEAK BUY 33% confidence · analysed Nov 4, 2026
On Nov 4, 2026, our model rated On Holding AG (ONON) WEAK BUY with 33% confidence at a price of $36.50. That means the signals lean positive, but they are mixed, so conviction is low.
Technical picture
The 14-day RSI is 55, close to the neutral 50 line, so momentum is balanced.
MACD is above its signal line, a sign that short-term momentum is turning up.
The price is above its 50-day moving average but still below the 200-day: a short-term recovery inside a longer-term downtrend.
Volume is about normal (1.0x the 20-day average).
Trend structure and money flow
Market structure: bearish structure intact, no fresh break.
The most recent swing high is $41.41 and the swing low is $31.41; traders often treat these as resistance and support.
Fundamentals
The PEG ratio is 0.59, which looks cheap relative to its expected growth.
The company reports a profit margin of 12.3% and revenue growth of +13.5%.
In its latest quarter it earned $0.35 per share, which beat the $0.34 analysts expected, with revenue +13.5% year over year.
Wall Street's average rating is 1.7 on a 1 (strong buy) to 5 (sell) scale, roughly a "buy", with an average price target of $44.22.
The next earnings report is expected around Nov 10, 2026; prices often move sharply around earnings.
Trade plan from the model
The model's long / bullish plan uses an entry near $36.50, a target of $39.81 (+9.1%) and a stop-loss at $33.82 (-7.3%).
That is a reward-to-risk ratio of about 1.2 to 1: the potential gain is not much bigger than the loss, so the setup is marginal.
The plan has a time limit: reassess by Nov 9, 2026 whatever the price does.
The model's one-paragraph read
Leans BUY — composite score +0.33 (WEAK BUY). Technicals: RSI 54.64, MACD bullish, price above SMA50. Fundamentals: PEG 0.59, margin 12.3%, revenue growth 13.5%. Financial results: YoY revenue +13.5%, last EPS surprise +2.9%, next earnings 2026-11-10. Smart Money Concepts: bearish structure intact, no fresh break. FinGPT news read: positive. Suggested levels: entry $36.5, target $39.81, stop-loss $33.82, exit by 2026-11-09 (exit before next earnings (2026-11-10) -- this signal doesn't price in that report).
Past ratings for ONON
| Date | Verdict | Confidence | Price | Move since | |
|---|---|---|---|---|---|
| Nov 4, 2026 | WEAK BUY | 33% | $36.50 | — |
"Move since" compares each call's price with the latest analysed price.
Recent news on ONON
- Nov 3, 2026: On Holding's Wholesale Reset Faces Its Test As Q3 Growth Dips Below 15% (Earnings Whispers)
Other Consumer Cyclical stocks we cover
ORLY · OXM · PDD · PENN · PHIN · PHM · PII · PKG · QSR · RACE · RCL · REAL
Frequently asked questions
Is ONON a buy right now?
As of Nov 4, 2026, our automated model rates On Holding AG (ONON) WEAK BUY with 33% confidence: the signals lean positive, but they are mixed, so conviction is low. This is a model output for education, not personal investment advice.
What is the price target for ONON?
The model's most recent plan targets $39.81 with a stop-loss at $33.82, from an entry near $36.50.
When does On Holding AG report earnings next?
The next earnings report is expected around Nov 10, 2026.
What does a WEAK BUY rating mean?
A WEAK BUY rating means the signals lean positive, but they are mixed, so conviction is low.
For information and education only. Not investment advice. Ratings are produced by an automated model, can be wrong, and may be out of date. Do your own research; you can lose money investing. The site's author may hold positions in stocks discussed here.