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: Bearish.
🔴
Bearish
Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-5.13% over 10 days); weak 1-year return of -11.5%; 3-month momentum negative (-18.0%). Currently 39.7% off its 52-week high. Score: -6/7.
ONON is trading below its 200-day MA ($44.14) — a key warning sign the longer-term trend is under pressure. An RSI of 66.2 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -11.5% compares to +35.1% for SPY (trailed the market by 46.6%). The current 39.7% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.
$10,000 invested 1 year ago→ $8,850 today
vs. S&P 500 (SPY) — same period trailed market by 46.6%
1-Year Price Chart
Daily candles
MA-50MA-200UpDown
Signal Check
✗Above 200-day MA ($44.14)
✗Above 50-day MA ($40.13)
✓RSI(14) neutral zone (30–70) — currently 66.2
✗Positive return (-11.5%)
!Within 10% of period high (−39.7%)
Period Range $36.95
$31.41$61.29
RSI (14) 66.2
0 · OversoldOverbought · 100
Key Metrics
Price$36.95
Period Return-11.5%
Period High$61.29
Period Low$31.41
Drawdown−39.7%
MA-50$40.13
MA-200$44.14
RSI (14)66.2
Avg Volume (30d)7.6M
vs. SPYtrailed by 46.6%
Return Rank#768 of 996
Trend Signals
Price is below the 200-day moving average ($44.14)