US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

ITW 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $242.12 and reclaim $269.5.

Invalidation Trigger

Lose $242.12 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 56.9, MACD 1.500

Daily
Volatility EnvironmentRange
Low volatility

ATR is $4.49 (1.72%)

Daily

EMA Structure

Range
EMA 8$260.94Bullish
EMA 21$257.37Bullish
EMA 50$258.17Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.9 · MACD 1.500

Momentum is strong

Strength
Bullish
Volatility
ATR $4.49 · BB 9.70%

Low volatility

Strength
Range
Volume
MFI 77.0 · OBV 11.63%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.12 - $269.5

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+4.75% · 2.8 ATR above latest close

$273.99
Nearest resistance

+3.03% · 1.8 ATR above · 34-bar high

$269.5
Current price

Price shown is delayed

$261.58
Nearest support

-7.44% · 4.3 ATR below · 34-bar low

$242.12
Deeper support zone

-9.16% · 5.3 ATR below latest close

$237.63
ATR zone

Latest close ± ATR14

$257.09 - $266.07

Indicators

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $250.15

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.9 / 29.7 / 14.8Bullish
Supertrend (10,3)

Price is above Supertrend

$248.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$257.82 / $258.43Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Volatility

ATR (14)

Low volatility

$4.49 (1.72%)Range
Bollinger Bands (20,2)

Width 9.70%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$267.46 / $247.53Range
ATR channel lower / upper

Current Volatility Envelope

$257.09 / $266.07Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

1.500Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.9 / 72.9Bearish
Williams %R (14)

Neutral zone

-36.1Range
CCI (20)

Balanced zone

90.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

77.0Bullish
OBV slope

20-period OBV slope

11.63%Bullish
Volume ratio

Relative to 20-period average volume

1.10xRange

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $250.15

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.9 / 29.7 / 14.8Bullish
Supertrend (10,3)

Price is above Supertrend

$248.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$257.82 / $258.43Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

1.500Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.9 / 72.9Bearish
Williams %R (14)

Neutral zone

-36.1Range
CCI (20)

Balanced zone

90.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$4.49 (1.72%)Range
Bollinger Bands (20,2)

Width 9.70%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$267.46 / $247.53Range
ATR channel lower / upper

Current Volatility Envelope

$257.09 / $266.07Range

Volume / Money Flow

MFI (14)

Money flow is strong

77.0Bullish
OBV slope

20-period OBV slope

11.63%Bullish
Volume ratio

Relative to 20-period average volume

1.10xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

Related Forecasts