ONON NYSE Week ended 24 Jul 2026

Weekly Investor Report

On Holding Ltd · Consumer Cyclical · Footwear & Accessories

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Latest close 35.82 USD
-3.7% latest week
Weekly setup

Weak trend

The weekly trend is not active. Price is -10.0% below the Trend Line and sits at 21.0% of its 52-week range. The latest completed week returned -3.7%, after a -3.4% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers. Options positioning is bullish with 43/100 conviction, while the latest news-sentiment score is 61/100. Near-term considerations: volume confirmation is below normal; earnings are due in 13d.

Setup score 28 out of 100
Latest Close 35.82 USD 24 Jul 2026
1W Return -3.7% latest completed week
4W Return -3.4% short-term follow-through
12W Return 3.7% quarterly tape
Trend Breadth 7.7% 4 of 52 weeks active
Volume Ratio 0.9x vs 13-week average
What is working
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • Activity pressure is weak, so confirmation is not yet broad enough.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -3.7% Latest completed week; four-week move -3.4%. Indicator stack 4/54 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Options pressure Bullish 43/100 conviction; expected move 7.2%. News sentiment 61/100 8 relevant articles in the latest sentiment read. Event risk 13d Next report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -10.0% below the Trend Line and sits at 21.0% of its 52-week range. The latest completed week returned -3.7%, after a -3.4% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.2312-week average 0.11

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure8/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.23Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -3.4% over four weeks, 3.7% over 12 weeks, and -29.4% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W-3.7%
4W-3.4%
12W3.7%
26W-22.1%
52W-29.4%
Active trend streak0 weeks
Active weeks in one year4
Trend breadth7.7%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.26Latest activity-pressure read.
Pressure change-8.8%Four-week change in activity pressure.
Leadership-20.47Latest relative-leadership reading.
RS change-1.8%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Dec 2025 Field coverage 100% Model confidence 96%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength10/100Blend of value, momentum, and quality. Underlying universe rank 91; rank 1 is best.
Value5/100Relative valuation strength. Underlying universe rank 96; rank 1 is best.
Quality89/100Profitability and accounting quality. Underlying universe rank 12; rank 1 is best.
Momentum13/100Medium-term price momentum. Underlying universe rank 88; rank 1 is best.
Growth85/100Revenue and earnings growth. Underlying universe rank 16; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework19/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
47.3x
Price divided by trailing earnings.
Price / sales
3.8x
Market value relative to trailing revenue.
EV / EBITDA
27.1x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
4.1%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
63.9%
Gross profit retained from each unit of revenue.
Operating margin
9.2%
Operating profit retained from revenue.
Free-cash-flow margin
15.0%
Free cash flow generated from revenue.
Return on invested capital
20.9%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
23.5%
Latest one-year revenue growth.
EPS growth
21.5%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-3.1%
Latest one-year free-cash-flow growth.
Piotroski F-score
7/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
0.0%
Cash dividends relative to market value.
Buyback yield
-0.0%
Net share repurchases relative to market value.
Shareholder yield
-0.0%
Dividend yield plus net buyback yield.
Net debt / EBITDA
-1.0x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBullish

ONON shows bullish options pressure with a 43/100 conviction score, put-call volume ratio of 0.33, expected move of 7.2%, and Sharemaestro trend signal inactive.

Conviction43/100
Expected move7.2%
Put/call volume0.33
Pressure52
Speculation40
Volatility78
Trend agreement17
Open options detail
Insider activity-

No recent insider transactions are stored for this company.

News sentiment61/100

Weighted news tone is neutral across 8 relevant articles.

4 positive · 4 neutral · 0 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings13dNext report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
Options expected move7.2%Nearest-chain priced movement where available.
52-week drawdown-31.7%Distance below the 52-week high.
13-week volatility4.7%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher12 of 2614 weeks finished lower.
Best week+10.1%Week of 17 Apr.
Worst week-14.0%Week of 27 Mar.
Latest week-3.7%Week of 24 Jul.

Shape of recent returns

Strong gains7
Modest gains5
Flat weeks0
Modest losses7
Sharp losses7
Recent vol4.7%13-week weekly-return volatility.
Base vol6.1%52-week weekly-return volatility.
Up/down split22/30Count of positive and negative weeks in the 52-week window.
Average skew4.9% / -4.4%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape25/100

Trend, activity pressure, participation, and risk combine to a 25/100 tape read.

 Indicator analysis27/100

Latest 12-week confirmation: trend 0/12, activity pressure 8/12, relative leadership 0/12.

Activity pressure 0.23; No reversal markers Factors29/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 70; Small Cap Core rank 98 SVQF19/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 822.0 of 1013 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options48/100

ONON shows bullish options pressure with a 43/100 conviction score, put-call volume ratio of 0.33, expected move of 7.2%, and Sharemaestro trend signal inactive.

Bullish · Call-side pressure · Expected move 7.2% Sentiment61/100

Weighted news tone is neutral across 8 relevant articles.

On Holding AG Class A Revenue Breakdown – BMV:ONON/N Insiders50/100

No recent insider transaction evidence is stored.

 Earnings13d

Next report is scheduled for 11 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
24 Jul 202635.82 USD-3.7%39.80 USD41.49 USD0.26-20.4722.6MOff
17 Jul 202637.20 USD-3.5%40.16 USD41.49 USD0.38-18.7115.2MOff
10 Jul 202638.54 USD4.6%40.54 USD41.47 USD0.42-17.9921.0MOff
3 Jul 202636.83 USD-0.6%40.88 USD41.44 USD0.37-21.3820.6MOff
26 Jun 202637.07 USD-4.7%41.26 USD41.40 USD0.28-20.1031.8MOff
19 Jun 202638.88 USD0.8%41.49 USD41.38 USD0.17-19.0518.5MOff
12 Jun 202638.58 USD4.0%41.57 USD41.32 USD0.08-19.8320.4MOff
5 Jun 202637.08 USD-9.2%41.70 USD41.26 USD0.02-23.3426.5MOff
29 May 202640.82 USD2.5%41.63 USD41.22 USD-0.14-18.8021.2MOff
22 May 202639.81 USD6.8%41.51 USD41.14 USD-0.38-20.7532.0MOff
15 May 202637.26 USD5.7%41.57 USD41.06 USD-0.61-26.2161.6MOff
8 May 202635.24 USD2.0%41.72 USD40.99 USD-0.84-31.0628.9MOff
1 May 202634.54 USD-4.7%41.94 USD40.98 USD-0.88-31.6121.3MOff
24 Apr 202636.25 USD-1.9%42.19 USD40.97 USD-0.89-28.3320.3MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.