Here’s whether On Holding AG (ONON) is worth buying in 2026 —
based on weekly-updated price trend, RSI momentum, and return vs.
the S&P 500. Our current read: Caution.
🟡
Caution
Positives: 50-day MA is rising (+1.16% over 10 days); RSI 45 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); weak 1-year return of -28.3%. Currently 31.6% off its 52-week high. Score: -2/7.
ONON is trading below its 200-day MA ($40.74) — a key warning sign the longer-term trend is under pressure. An RSI of 44.6 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -28.3% compares to +16.5% for SPY (trailed the market by 44.8%). The current 31.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.
$10,000 invested 1 year ago→ $7,171 today
vs. S&P 500 (SPY) — same period trailed market by 44.8%
1-Year Price Chart
Daily candles
MA-50MA-200UpDown
Signal Check
✗Above 200-day MA ($40.74)
✗Above 50-day MA ($37.56)
✓RSI(14) neutral zone (30–70) — currently 44.6
✗Positive return (-28.3%)
!Within 10% of period high (−31.6%)
Period Range $35.82
$31.41$52.41
RSI (14) 44.6
0 · OversoldOverbought · 100
Key Metrics
Price$35.82
Period Return-28.3%
Period High$52.41
Period Low$31.41
Drawdown−31.6%
MA-50$37.56
MA-200$40.74
RSI (14)44.6
Avg Volume (30d)4.6M
vs. SPYtrailed by 44.8%
Return Rank#750 of 999
Trend Signals
Price is below the 200-day moving average ($40.74)