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Is On Holding AG (ONON) a Stock to Watch After Gaining 15.25% This Week?

Monday, August 01, 2022 02:35 PM | InvestorsObserver Analysts
Is On Holding AG (ONON) a Stock to Watch After Gaining 15.25% This Week?

The market has been high on On Holding AG (ONON) stock recently. ONON gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
On Holding AG has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ONON!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 trading at $22.29 as of 2:34 PM on Monday, Aug 1, an increase of $0.52, or 2.39% from the previous closing price of $21.77. The stock has traded between $21.64 and $22.69 so far today. Volume today is less active than usual. So far 921,337 shares have traded compared to average volume of 1,968,049 shares. To see InvestorsObserver's Sentiment Score for On Holding AG click here.

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. Click Here to get the full Stock Report for On Holding AG stock.

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