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 (+1.38% over 10 days); RSI 43 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); weak 1-year return of -30.8%. Currently 32.1% off its 52-week high. Score: +0/7.
ONON is trading below its 200-day MA ($41.72) — a key warning sign the longer-term trend is under pressure. An RSI of 43.5 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -30.8% compares to +22.9% for SPY (trailed the market by 53.6%). The current 32.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.
$10,000 invested 1 year ago→ $6,923 today
vs. S&P 500 (SPY) — same period trailed market by 53.6%
1-Year Price Chart
Daily candles
MA-50MA-200UpDown
Signal Check
✗Above 200-day MA ($41.72)
✓Above 50-day MA ($36.51)
✓RSI(14) neutral zone (30–70) — currently 43.5
✗Positive return (-30.8%)
!Within 10% of period high (−32.1%)
Period Range $38.58
$31.41$56.82
RSI (14) 43.5
0 · OversoldOverbought · 100
Key Metrics
Price$38.58
Period Return-30.8%
Period High$56.82
Period Low$31.41
Drawdown−32.1%
MA-50$36.51
MA-200$41.72
RSI (14)43.5
Avg Volume (30d)6.6M
vs. SPYtrailed by 53.6%
Return Rank#948 of 1246
Trend Signals
Price is below the 200-day moving average ($41.72)