Stock Price Prediction

Technical Analysis:

Based on recent price action, ONON shows a bearish trend in the short term, with the stock dropping significantly from $51.88 to $48.44 (-5.41%) on February 21, 2025 . The high trading volume of 6.4 million shares suggests strong selling pressure.

News Impact:

Goldman Sachs recently downgraded ONON to Neutral from Buy (maintaining $57 price target) on February 11, 2025, citing:

• Slower U.S. growth below consensus expectations
• Increased competition in running market segment
• However, brand momentum remains robust with:
  • Google search interest at all-time high
  • Market leading NPS scores
  • Strong consumer preference for comfort

Price Forecast for Next Week:

Based on technical analysis and recent news sentiment:

Target Prices:

• Support Level: $47.50 (Previous resistance turned support)
• Resistance Level: $50.00 (Psychological level)

Bearish factors:

• Recent Goldman Sachs downgrade
• High volume sell-off
• Below 20-day moving average

Bullish factors:

• Strong brand metrics
• Upcoming earnings release on March 4, 2025
• Overall positive analyst sentiment with average target of $62.62

Recommendation: SELL

Rationale:

• Technical indicators suggest continued downward pressure
• Recent institutional downgrade
• Heightened competition concerns
• Wait for price stabilization before considering new positions
• Next major catalyst will be Q4 earnings on March 4th

Trading Strategy:

• Exit positions above $48.50
• Consider re-entry if price stabilizes above $47.50 with increasing volume
• Set stop loss at $46.50