On Holding Ag had a nice pop today and is currently up 5.20% -- which is pretty good. Investors have a more positive outlook for the company and future revenue. It looks like ONON may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line ONON is near a weak support line. We'll see if it bounces off or heads lower. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If we get a reversal off of support and On Holding Ag starts moving up, it can probably get to $52.48 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $35.245
at which point, it may have a chance of recovering from there.
The analysts are pretty neutral on On Holding AG right now, so not much useful information here. The current Analysts Sentiment Score is 4.79. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Telsey Advisory Group reiterated a rating of Outperform on 2024-05-07 and they lowered their price target by 0% to $37.00 from a previous target of $37.00. Morgan Stanley gave a boost to their price target and moved to $35.00 from $32.00 on 2024-05-06. TD Cowen gave a boost to their price target and moved to $38.00 from $36.00 on 2024-05-02. William Blair initiated a rating of Outperform on 2024-04-16. Barclays initiated a rating of Overweight on 2024-04-01 and provided a price target of $38.00. Piper Sandler gave a boost to their price target and moved to $39.00 from $37.00 on 2024-03-21. Truist Financial decided to move up their price target on 2024-03-13 to $30.00 which is a 3.45% increase. Evercore ISI provided a price target decease of -7.5% to $37.00 from $40.00 on 2024-03-13. Redburn Atlantic announced that they are reiterating a rating of Buy on 2024-03-07 and they set their price target at $34.00. Stifel Nicolaus reiterated a rating of Buy on 2024-03-05 and provided a price target of $40.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| ONON | 4.79 | 8.7 | -1.28 | 2.59 | -0.45 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| ONON | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| ONON | 6.94 | %10 | 4.1 | -1.914 | 18520000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| ONON |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
