Overall market sentiment has been down on On Holding AG (ONON) stock lately. ONON receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
On Holding AG has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ONON!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ONON Stock Today?
On Holding AG (ONON) stock is up 0.83% while the S&P 500 has fallen -0.42% as of 12:32 PM on Monday, Nov 21. ONON is higher by $0.14 from the previous closing price of $16.93 on volume of 1,298,537 shares. Over the past year the S&P 500 has fallen -15.68% while ONON has fallen -59.89%. ONON lost -$0.44 per share in the over the last 12 months.
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More About On Holding AG
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers.
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