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: above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+0.29% over 10 days); RSI 49 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); weak 1-year return of -34.9%; 3-month momentum negative (-10.0%). Currently 36.3% off its 52-week high. Score: -1/7.
ONON is trading below its 200-day MA ($41.90) — a key warning sign the longer-term trend is under pressure. An RSI of 49.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -34.9% compares to +24.4% for SPY (trailed the market by 59.3%). The current 36.3% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.
$10,000 invested 1 year ago→ $6,511 today
vs. S&P 500 (SPY) — same period trailed market by 59.3%
1-Year Price Chart
Daily candles
MA-50MA-200UpDown
Signal Check
✗Above 200-day MA ($41.90)
✓Above 50-day MA ($35.99)
✓RSI(14) neutral zone (30–70) — currently 49.1
✗Positive return (-34.9%)
!Within 10% of period high (−36.3%)
Period Range $37.08
$31.41$58.25
RSI (14) 49.1
0 · OversoldOverbought · 100
Key Metrics
Price$37.08
Period Return-34.9%
Period High$58.25
Period Low$31.41
Drawdown−36.3%
MA-50$35.99
MA-200$41.90
RSI (14)49.1
Avg Volume (30d)6.5M
vs. SPYtrailed by 59.3%
Return Rank#985 of 1245
Trend Signals
Price is below the 200-day moving average ($41.90)