—
C+
C+ The full Closelooknet — membership. Open the C+ overview

On Holding Ltd (ONON) — chart, structure and Closelooknet read

The Closelooknet read

On Holding designs and sells performance running shoes, apparel and accessories under the On brand, based in Zurich, Switzerland. It reaches athletes through wholesale, its own stores, specialty and lifestyle retailers, and e-commerce across Europe, the Americas and Asia-Pacific.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

Pick a ticker to load its detail page.

Signals for this name

Every Closelooknet reading that exists for ONON, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index HALO Growth 100 — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

HALO Growth 100 · as of 2026-11-04

DayWeekMonth3 months
ONON+5.8%+20.9%+16.6%+3.4%
Destination Economy+4.2%+10.7%+13.0%—
HALO Growth 100+1.4%+3.1%+1.7%—

Against the index: 17.8 pts ahead on the week, 14.9 pts ahead on the month; against its Destination Economy sleeve 3.6 pts ahead on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 2 pieces · newest: Midday 10, “The referendum passes at midday — neoclouds vertical, semis re-bid, and the yen refuses to stand down” (2026-08-12)

Mentioned on Closelooknet

Where ONON appears in the diary — 2 pieces, newest first. Every link is our own writing.

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 44/100 · S&P 500 fund at 48, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-05
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 73th percentile of the window, -21.7% over 20 sessions. Factor regime → 2026-11-04
  • Sector × region Consumer discretionary in Europe: +3.8% week · +7.9% month · +0.8% quarter · +3.7% year (approximated)The Sector Engine cell this name lives in, from EXV5.XETRA+EXV7.XETRA+EXV8.XETRA+EXH2.XETRA; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-11-05
  • Sovereign pressure Index -1.79 · down 2.53 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-04
How it trades on rate days beta 0.68 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How ONON has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.68 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), On Holding Ltd moved 0.68% on average · correlation 0.13 · higher than 62% of US names
  • Beta, last 3 months 0.16 less rate-sensitive lately than over the year
  • On the 10 worst bond days −0.26% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days +0.99% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against HALO Growth 100 · Destination Economy · 8 names with week and year-to-date

Peer group

HALO Growth 100 · Destination Economy

Premium experience brands, owned-distribution luxury, performance lifestyle. Where consumer surplus parks itself when it has the choice.

Compared against ONON on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — On Holding Ltd

ONON in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
On Holding designs and sells performance running shoes, apparel and accessories under the On brand, based in Zurich, Switzerland. It reaches athletes through wholesale, its own stores, specialty and lifestyle retailers, and e-commerce across Europe, the Americas and Asia-Pacific.
Where it sits in the stack
On sits outside the Rubin AI build-out index; it holds a seat in HALO Growth 100, our growth index outside the megacaps, in the Destination Economy sleeve, where consumer surplus lands on premium experience and performance lifestyle brands rather than on necessities.
Who it is priced against
Closelooknet's peer group places it with Destination Economy names such as Ferrari, Deckers, Lululemon, Hermes, Birkenstock, Costco, Celsius and Liberty Media's Formula One stock, chosen for owned-distribution and premium-experience positioning; the market also compares it with Nike.
Why Closelooknet tracks it
On carries a HALO Growth 100 seat and a Closelooknet score across seven modules, where valuation reads as the strongest module and momentum as the weakest; the Midday 10 has quoted it twice, once after a post-earnings drop through its 50-day average and once as the shares stabilised just below that line.
What the diary watches
The diary watches whether the shares can hold and reclaim the 50-day average after the earnings-day drop, and whether the weak momentum reading starts to firm alongside the stronger valuation module.

On Holding Ltd (ONON) trades on US exchanges in Switzerland, classified under Consumer Cyclical. Constituent of HALO Growth 100.

The Closelooknet company score reads 61/100 composite (momentum 45, quality 69, valuation 52) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 4 analyst actions on the wire · latest: price target by Wolfe Research, 2026-10-21

The Street on this name

Analyst actions and the latest print for ONON from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target Wolfe Research — target 47 Target set to $47 (+37.3% to spot) 2026-10-21
  • Price target BMO Capital — target 33 from 28 Target raised to $33 from $28 (+9.4% to spot) 2026-09-24
  • Price target Guggenheim — target 42 from 51 Target cut to $42 from $51 (+56.4% to spot) 2026-09-11

4 actions on the analyst wire since 2026-08-13: 4 target changes. Analyst wire → · Earnings wire →

Dividends and capital return no distribution in twelve months

Dividends and capital return

What ONON pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Share count −1.5% in FY2025 67 m USD of stock-based compensation in the year

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-05

Quick answers

What is On Holding Ltd (ONON)?

On Holding Ltd trades as ONON on the US exchange (Switzerland) and is classified under Consumer Cyclical in the Closelooknet research universe, as of the registry build of 2026-11-05.

Is ONON in a Closelooknet index?

Yes — On Holding Ltd is a constituent of HALO Growth 100, as of 2026-11-05.

What is On Holding Ltd's Closelooknet composite score?

61 out of 100, with momentum 45, quality 69 and valuation 52 sub-scores, as of 2026-11-05. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does ONON trade against its moving averages?

On Holding Ltd trades 17.8% above its 50-day and 0.0% above its 200-day moving average (6.4% above its 20-day). As of 2026-11-03 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is ONON doing against its Closelooknet index?

Over the past month On Holding Ltd is +16.6% against +1.7% for the HALO Growth 100 — 14.9 points ahead of its index, as of 2026-11-04. Its Destination Economy sleeve is +13.0% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does On Holding Ltd compare with its peers?

Against its peer group (HALO Growth 100 · Destination Economy), On Holding Ltd (ONON) sits 28.5% below its 52-week high, 17.8% above its 50-day average; Deckers Outdoor Corporation (DECK) is 31.2% below, Ferrari NV (RACE) is 16.8% below, Lululemon Athletica Inc. (LULU) is 52.7% below, as of 2026-11-03. Put any of them next to ONON in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does On Holding Ltd trade when bond yields rise?

Over the past year On Holding Ltd had a beta of 0.68 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 62% of US names. On the 10 sessions in which long bonds fell most it moved −0.26% on average, against −0.74% for the S&P 500. As of 2026-11-04; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about On Holding Ltd?

On Holding Ltd appears in 2 Closelooknet pieces as of 2026-11-05, most recently Midday 10: The referendum passes at midday — neoclouds vertical, semis re-bid, and the yen refuses to stand down (2026-08-12); Midday 10: Flat tape, crushed vol — the market has pre-decided CPI while the morning's printers get sorted (2026-08-11). What Closelooknet said most recently: The punished and paid printers of the last two sessions are settling rather than extending: ONON −0.4% holding just under 31, stabilising above 30 without a downgrade wave — the 'different class of verdict' branch not yet triggered; MNDY… (Midday 10, 2026-08-12). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does On Holding Ltd do?

On Holding designs and sells performance running shoes, apparel and accessories under the On brand, based in Zurich, Switzerland. It reaches athletes through wholesale, its own stores, specialty and lifestyle retailers, and e-commerce across Europe, the Americas and Asia-Pacific. Closelooknet's peer group places it with Destination Economy names such as Ferrari, Deckers, Lululemon, Hermes, Birkenstock, Costco, Celsius and Liberty Media's Formula One stock, chosen for owned-distribution and premium-experience positioning; the market also compares it with Nike. (Company snapshot of 2026-09-17.)

Where does On Holding Ltd sit in the AI build-out?

On sits outside the Rubin AI build-out index; it holds a seat in HALO Growth 100, our growth index outside the megacaps, in the Destination Economy sleeve, where consumer surplus lands on premium experience and performance lifestyle brands rather than on necessities. On carries a HALO Growth 100 seat and a Closelooknet score across seven modules, where valuation reads as the strongest module and momentum as the weakest; the Midday 10 has quoted it twice, once after a post-earnings drop through its 50-day average and once as the shares stabilised just below that line. (Company snapshot of 2026-09-17.)

Does On Holding Ltd pay a dividend?

No cash distribution shows in On Holding Ltd’s price series over the last three years. The share count fell 1.5% over the fiscal year. As of 2026-11-04; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on On Holding Ltd recently?

The most recent analyst action on On Holding Ltd on the Closelooknet wire is a price target by Wolfe Research on 2026-10-21 (target 47). 4 actions on the analyst wire since 2026-08-13: 4 target changes. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for ONON, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

How to use this chart

Toolbar

  • Range — 1M to MAX on daily closes. 1D/5D switch a US stock cell to 5-minute intraday bars; index and foreign cells fall back to 1M daily with a note.
  • Grid — 1×1 up to 2×2. Cells are synchronized: pan or zoom one and the others follow the same dates; the crosshair tracks across all of them. 4 INDICES loads Rubin · HALO · AEI · AW40 side by side.
  • Type / Scale — OHLC, line or area; linear or log price axis.

Picking a series

  • Tap the box in a cell's header to browse every Closelooknet series — headline indices, sub-indices, sectors, layers of all six families — plus the constituents.
  • Or type any ticker (NVDA, 7203.T, ASML.AS …) and press Enter — it charts in the cell straight from our data lake.

Studies

  • Overlays / Oscillators rows toggle the standard set (SMA, Bollinger, RSI, MACD …) per cell.
  • Levels (stock cells) draws the structure engine's support lines — regression bands, pivot cluster, SMA-200, the active fib zone.

Drawing

  • Tap a tool (Trend, Ray, H-Line, Fib, Channel, Rect, Note), then tap the chart once per point — the shape follows your finger or cursor between taps. The chart stops panning while a tool is armed; tap the tool again to release.
  • Drawings save per symbol in this browser and travel between the terminal and the asset page.
  • Delete key removes the selected drawing · Escape cancels a half-placed one · Clear wipes the symbol.

Wave counts

  • Wave places an Elliott count: tap the origin, then each wave end. Press Enter to stop early (inside wave 3 is fine) — dotted ghost targets sketch the remaining waves at guideline ratios.
  • On stocks the scanner's machine count appears automatically in grey — it is fully editable: drag any point, double-tap a label to remove it, Delete to dismiss it for good, Adopt to bring the machine's proposal back.
  • The sequence picker switches 1-5 / A-B-C / A-E / W-X-Y-Z; 1 2 3 cycles the degree; Subdiv starts a one-degree-smaller child count inside a wave.

Sharing

  • Card exports the cell as a branded PNG — chart, drawings and levels exactly as shown.

Related in the Closelooknet universe

same Closelooknet index seat first, then Footwear & Accessories, then Consumer Cyclical. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.