What is the price prediction for onon in the next 3 months

The price prediction for On Holding AG (ONON) in the next 3 months is cautiously optimistic, with a strong bullish trend and positive indicators from analysts and technical data.

1. Analyst Ratings and Price Targets:
   • The stock has an average price target of $47.07, with a high forecast of $52.00 and a low forecast of $33.00. This represents a 2.55% change from the last price of $47.92.
   • The consensus among analysts is a strong buy, with 18 ratings of Buy, 16 ratings of Hold, and none of Sell in the past 3 months.
2. Technical Indicators:
   • The stock is currently trading above its 5-day, 20-day, and 50-day exponential moving averages, indicating a strongly bullish trend.
   • The support level is at $47.13, and the resistance level is at $48.73, suggesting a narrow trading range within the current price.
3. Fibonacci Retracement:
   • The 0.382 Fibonacci Retracement is at $24.42, and the 0.618 Fibonacci Retracement is at $29.26. These levels can act as potential support and resistance points.
4. Earnings and Revenue Estimates:
   • For the fiscal year ending December 2024, the estimated EPS is $0.81, with a recent increase from $0.78 over the past month.
   • The estimated revenue for the quarter ending September 2024 is $726.81 million, with an EPS estimate of $0.25.
5. Market Sentiment and Historical Performance:
   • The stock has a high stock score, indicating lower risk and suggesting it may be undervalued.
   • On Holding AG has a history of rising by an average of 27.8% over the next 52 weeks, with a 100% historical accuracy of rising higher in two of the past two years.

In conclusion, the combination of positive analyst ratings, strong technical indicators, and a history of bullish performance suggests that ONON could experience growth in the next 3 months. However, investors should monitor the stock's performance relative to the support and resistance levels and the broader market conditions.