ONON· Consumer Discretionary› Footwear & Accessories

On Holding AG Class A

Stage 4 · Declining · week 11

As of Oct 22, 2026, On Holding is in Stage 4, the downtrend phase, now in week 11 (since Aug 12, 2026). It closed at $34.00, 32.8% below its 52-week high and below its 200-day average, which is falling.

$34.00

-0.58% today

$11.4B · Large cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Accelerating ⇈

Edge

—

Is ONON early, or has it already run? Pro answers that for every US stock we cover, after every close.

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 51w

S4 17w

S4 14w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 4w → S3 5w → S4 8w → S1 12w → S2 51w → S3 6w → S4 6w → S1 4w → S2 7w → S3 1w → S4 17w → S1 12w → S4 14w → S1 9w → S4 10w current

Total tracked: 166 weeks across 15 stage runs.

ONON among Footwear & Accessories9th of 13 by relative strength

All 13 →

Stocks in Footwear & Accessories ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	FOSLFossil Group, Inc.	Stage 2 · wk 12	97	+6.2%
2	VRAVera Bradley, Inc.	Stage 2 · wk 3	97	+51.5%
3	WEYSWeyco Group, Inc.	Stage 2 · wk 44	94	+12.5%
4	DBIDesigner Brands Inc. Class A	Stage 1 · wk 4	93	+6.2%
5	RCKYRocky Brands, Inc.	Stage 2 · wk 13	91	+6.3%
6	CROXCrocs, Inc.	Stage 3 · wk 6	84	−2.9%
7	SHOOSteven Madden, Ltd.	Stage 2 · wk 23	76	+2.4%
8	DECKDeckers Outdoor Corporation	Stage 4 · wk 9	41	+8.5%
9	ONONOn Holding AG Class A	Stage 4 · wk 11	39	+12.7%

vs 52W High

-32.8%

$26.76 lo$50.63 hi

32.8% below 52W high, ongoing decline

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 11

1w13w26w

Week 11, established downtrend

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-8.3%

200 DMA: $37.08 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

1.06x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↑ ⇈

Short-term trend rising strongly, and accelerating

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+12.7%

-5.1%

-6.1%

YTD

-27.6%

-20.8%

Scan Membership

Breakout Watch

Latest: 2025-06-20

4 appearances in last 60 days. First seen: 2023-02-09.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S4

Wk 11 · Vol 1.06x

2026-10-21S4

Wk 10 · Vol 0.58x

2026-10-20S4

Wk 10 · Vol 0.59x

2026-10-19S4

Wk 10 · Vol 0.66x

2026-10-16S4

Wk 10 · Vol 0.94x

2026-10-15S4

Wk 10 · Vol 0.89x

2026-10-14S4

Wk 9 · Vol 0.95x

2026-10-13S4

Wk 9 · Vol 0.82x

2026-10-12S4

Wk 9 · Vol 0.85x

2026-10-09S4

Wk 9 · Vol 1.09x

2026-10-08S4

Wk 9 · Vol 1.37x

2026-10-07S4

Wk 8 · Vol 0.83x

Moving averages & range

50 DMA

$30.55

200 DMA

$37.08

52W High

$50.63

52W Low

$26.76

5D Low

$34.00

Resistance levels (recent highs)

20d High

$35.50

60d High

$38.78

120d High

$40.82

250d High

$50.63

Next resistance

+4.4%

to 20d High

P/E (TTM)

22.7

Forward 16.4

ROE

+24.0%

Profit margin +12.3%

Dividend Yield

0.00%

P/B 4.9

On Holding: quick answers

What stage is On Holding in?

As of Oct 22, 2026, On Holding (ONON) is in Stage 4, the downtrend phase. It entered Stage 4 on Aug 12, 2026 and is in week 11. What the four stages mean

Is On Holding in an uptrend?

No. On Holding is in a Stage 4 downtrend. It trades 8.3% below its 200-day average, which is falling.

How far is On Holding from its 52-week high?

On Holding closed at $34.00 on Oct 22, 2026, 32.8% below its 52-week high of $50.63. Its 52-week low is $26.76.

How has On Holding performed over the past year?

As of Oct 22, 2026, On Holding is down 20.8% over the past year and down 27.6% so far in 2026.

Which sector and industry is On Holding in?

On Holding is in the Footwear & Accessories industry, part of the Consumer Discretionary sector.

About this companyConsumer Discretionary· Footwear & Accessories

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.