$ONON: Is 25 still a struggle?Retail isn't showing much signs of letting up and I'm concerned despite how beaten up some names are that they may still fall further.
ONON trade ideas
ONON On Holding AG Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ONON On Holding AG prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $2.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ONON Possible bullish breakI am currently watching Swiss shoe maker company called On Holding AG, ticker ONON. The price action of the stock is forming one of my favorite patterns, Cup with Handle.
Things to consider:
1. My first buy point is sitting just below current price level, at $33.67 price.
2. Once I enter this position, my stop loss will be set at $30.30 level, just below 50MA.
3. Additional buying for the stock will be done once the previous high is broken, sitting around $34.4-34.8 price level, which is acting as resistance at the moment.
4. Ultimate price goal for this stock would be the first high after IPO, price around $40, if price action is bullish and I see a healthy uptrend, I will surely continue holding this stock.
Of course, as always, this is my personal opinion. Please do your due diligence before investing.
Leaders: $ONONSmaller cup & handle base after a strong run up. Already pulling back towards the pivot. Take note of the recent quarterly earnings growth.
On Holding is on to something? See more price metricsI like ONON here and it looks to be setting up nicely - Need price and short term MA's (yellow line is 10SMA and magenta line is 20SMA) to climb again above the 50day SMA (blue line) - and that would be a good entry for a possible new leg up from what may look like a 2nd bull flag.
but here's the tip for this post: If you use K-MACD, you can see how extended the price is above the base MA (in this case the 50d SMA), the all-time high/low and the most recent 52wk Hi/Lo by exposing the data window and reviewing these details ..
for an accurate reading of price extension above base MA, make sure to:
* choose "Relative" mode (which will show percentage instead of absolute $$ values)
* set the slow line to a value of 1 - and that will pinpoint the closing value of the bar - rather than the value of an MA.
* play around with other settings as you need -can change the base MA to whatever you consider to be your "bull / bear" baseline .. in this case, i go with 50d SMA
thinking it may be useful to add other key data points there like ATR & RS - may be valuable to look at before making a trade decision.
Long trade in ONONUBS analysts doubled down on its bullish view on the stock today. They have Buy rating on ONON and a price target of $42. Shares are up 5% today on the news.
This stock has been a favorite of mine for several months. It went public in late 2021. It performed great initially. But the 2022 bear market gave it a beating.
ONON has more than doubled off its 2022 lows and the company is growing sales at an astounding 80% quarterly rate.
Shares dipped below the 50-day moving average (red line on chart) in May and did an “undercut & rally.” This is where a stock will breach a previous support area triggering thousands of stop losses and taking investors out. Institutions often buy here and drive the price back above support (dashed line on chart) to continue the move higher.
Investors may consider buying here with a 10% stop loss near 27.25.
Gap held so farAnother name on the watch; great rev growth and profitable business, long past 28 break.
ONON Setting up for a profit run Post I made on 5.13.23 "4 hour i think you have plenty of absorption on the larger time frames too
— 05/13/2023 5:55 PM
most likely willl stall this at or around 32-34 for earnings or pre launch it which i dont like..."
The end result was better it didnt launch and they pushed it down now its prime for a launch as you are force feeding the absorption and priming the launch.
Should have $3-6 dollars in leg...I have it set to hit $42 which might be reaching, but do able.
My indicators, ESVO is all the lines from different timeframes where price and volume meet in the middle....cradling price is where you want this to be and all together. which creates a synergy between buyers and sellers and the volume between the two is also cohesive at this area. might see some resistance at 28.24 but nothing serious.... $31 as well.
NPVR : Square box at price action is a Hi lo channel when the price is inside the box and hugging the top or bottom its basically going in the opposite direction.
HILO support line right under @27.27 and bullish candles on the last 4 candles since the spike up with the wick. @ 06/02/23 9:30am
Volume profile sellectable session anchor: Whats really nice about this is that no matter what anchor you use... HI / low volume, highest volume, week, session, day, earnings, etc..... every single one is either right under the current price or as low as $27 so a significant amount of support under it.
$ONON 30 min I am currently down in NYSE:ONON but not selling due to nice strength this morning after it opened lower from earnings. Patience is key here.
Long Trade in ONONOn Holdings, the maker of OnCloud tennis shoes found on soccer moms everywhere, is one of the hottest stocks in the market right now.
It went public in 2021, just in time to get hammered in the bull market.
But shares have come back with a vengeance.
ONON has already doubled this year and is making new all-time highs as I write this.
Notice the textbook consolidation pattern followed by a pocket pivot breakout through resistance. This is healthy action and exactly what we expect from stocks under institutional accumulation.
We have a little time before this one reports earnings. The announcement is scheduled for a week from Tuesday on May 16th before market open. If I had a profit cushion of at least 10%, I’d probably hold this one through the report.
ONON - Still TrendingONON exhited strong price action since it's gap up after it's last earnings call on 21 Mar23 (pullbacks not withstanding). Volume continued to be good for the past 4 weeks with relative strength (relative to SPX) continuing to improve.
However one can consider to ride this stock managing with trailing stops (pivot lows, fib retracement levels, moving average etc) to see how far it can bring us.
Earnings is expected on 5 May, if it continues to run up till then, there is a possibility it could sell off after announcement (even on good news). Hence do be mindful of volality around then.
Taking a walk with ON'sThanks to one of my Stream viewers @Casey_Louis for bringing NYSE:ONON to my attention. Many folks in my family love these shoes (my nephew even has the toddler versions).
I like the initial survival of the 50% Pullback to $20/share. Now price is heading up for another leg. I do not like the breakout for myself... the reason being the initial IPO price just slightly overhead. This is yet another reason why we DO NOT BUY IPOs... very often you get a much better opportunity!
How I want to play it: I want to look for a pullback to the next 50% Retracement level at $24. I hope we get it because trendy consumer goods have a good track record of yielding big gains.
Long Trade in ONONONON is the maker of the popular OnCloud running shoes.
The company has experienced tremendous growth over the last few years. I even see it here. They are on the feet on every soccer mom in town.
Last month’s earnings report blew away expectations and shares advanced almost 50% in a week.
Since then, pullbacks have been minimal.
This is a recent IPO, and it is quickly becoming a true market leader.
I am writing this at noon on Friday, and the stock is currently trading near $31. I believe the stock is buyable here with a stop loss at 28.20 to risk 8% on the trade.
$ONON is forming a potential tight flag. $ONON is forming a potential tight flag. It has increased over 100% in around 90 days (13 weeks) and has been on a tight range with volume drying up for the last 1 week. Potential buy point is around 31.95. #onon #OnHoldings.
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ONON a great long-term buy and holdTechnical: The stock looks to have bottomed throughout 2022 after falling from its IPO high. It is now breaking higher.
Fundamental:
On Holding AG (ONON) is a Swiss company that specializes in designing, developing, and selling high-performance running shoes and apparel. The company is relatively new to the market, having gone public in 2020, but has already established itself as a major player in the running shoe market. There are several reasons to be bullish on ONON's prospects for growth.
The global market for athletic footwear is expected to continue growing at a rapid pace, with analysts predicting a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. ONON is well-positioned to benefit from this growth, as it has established itself as a leading innovator in the running shoe market. The company's shoes have won numerous awards and accolades for their unique design and exceptional performance. This has helped to build a strong brand image and a loyal customer base.
ONON has a diversified revenue stream, with sales from both its direct-to-consumer (DTC) channel and its wholesale channel. The company's DTC channel has been particularly successful, with revenue from this channel increasing by 82.4% year-over-year in 2020. This has been driven by the company's successful online marketing campaigns, as well as its innovative retail stores. ONON's wholesale channel has also been performing well, with revenue from this channel increasing by 51.4% year-over-year in 2020. This diversification of revenue streams provides the company with a stable and sustainable source of revenue.
ONON has a strong focus on innovation and product development. The company invests heavily in research and development to create new and innovative products that meet the evolving needs of runners. This has helped ONON to differentiate itself from its competitors and establish itself as a leader in the running shoe market. Furthermore, the company has a strong pipeline of new products, which is expected to drive further growth.
ONON has a strong financial position, with a cash balance of CHF 800 million as of December 31, 2020. This provides the company with a solid foundation to pursue growth opportunities, such as expanding its product line or entering new markets. In addition, the company has a low debt-to-equity ratio of only 0.06, which indicates a conservative approach to financial management.
ONON is a company that is well-positioned to benefit from the growth in the athletic footwear market. The company's strong brand image, diversified revenue stream, focus on innovation, and strong financial position make it a bullish investment opportunity for investors looking to gain exposure to the sportswear industry.
ON HOLDING: RISKY BET BUT INTERESTINGNYSE:ONON If you want to enter this is probably one, just wait a bit, wait till the stock is reaching $16, back to the main support.
On Holding Tries to Reclaim the 50-day SMASwiss sneaker company On Holding went public in mid-September for $24. It peaked near $56 in mid-November following a strong quarterly result and has now pulled back.
The first pattern on today’s chart is the 50-day simple moving average (SMA). ONON broke under that line in on December 13 as the retail sector crashed. But it’s chopped sideways since and yesterday closed back above it.
In the process it managed to reclaim its 8-day exponential moving average (EMA).
Next, ONON’s recent turn occurred near the bottom of the Keltner Channel. Price has also held $34.50, the low of its first trading session.
Third, stochastics are trying to climb back from oversold territory.
Finally, the pullback from the November highs represents a potential ABC correction pattern.
The fundamentals could also interest some investors after management cited “hyper-growth” and “significant pricing power” on its last quarterly call.
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ONON Heading LowerThe Swiss sneaker maker recently broke out of the downward triangular pattern, but now looks poised to head downward. Looks to me like a failed bullish breakout here. MACD signaling more downside is on the horizon for the short term. I predict A break below 36.30 support will lead to stock price dropping to 34.15, and from there possibly further losses down all the way to the 28.30 support mark.
$ONON pulling back to IPO Cup with Handle Support$ONON is presenting another potential opportunity in the coming days.
Pulling back to IPO cup w/ handle BP support around $39.
That also coincides w/ IPO day Anchored VWAP
Orange bars is what I would like to see before participating.
ONON- Solid break out -Cup with HandleONON- Broke the cup with handle
Huge % up. First time break out after IPO base.
It may go up very quickly now.
ONON- Cup with Handle break out.ONON has a intermediary cup-with handle pattern.
It may touch all time , just like all other New IPOS.
** Most of the IPO stocks will reach all time high once it forms the proper base Just like #BROS***
$ONON IPO Cup with Handle$ONON in retail apparel space HQ in Switzerland. Nice Sales growth for this new IPO
Looks like its working on its first cup with handle base.
Handle high started forming at a logical supply level when it broke down in September (red dotted line)
Constructive so far.
