US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 dayBearish84%
Daily Downside probability 84%Bearish

ITW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $268.67 and stabilize above resistance $289.88.

Invalidation Trigger

Break above $289.88 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 39.4, MACD -0.433

Daily
Volatility EnvironmentRange
Low volatility

ATR is $4.54 (1.73%)

Daily

EMA Structure

Bearish
EMA 8$264.91Bearish
EMA 21$268.67Bearish
EMA 50$272.31Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.4 · MACD -0.433

Momentum is weak

Strength
Bearish
Volatility
ATR $4.54 · BB 6.39%

Low volatility

Strength
Range
Volume
MFI 43.4 · OBV 251.08%

Relative to 20-period average volume

Strength
Range
Price Levels
$255.69 - $289.88

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+11.98% · 6.9 ATR above latest close

$294.42
Nearest resistance

+10.25% · 5.9 ATR above · 34-bar high

$289.88
Current price

Price shown is delayed

$262.92
Nearest support

-2.75% · 1.6 ATR below · 34-bar low

$255.69
Deeper support zone

-4.48% · 2.6 ATR below latest close

$251.15
ATR zone

Latest close ± ATR14

$258.38 - $267.46

Indicators

Trend

Dow Theory Structure

Confirmation $276.39, invalidation $255.69

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.1 / 14.9 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$248.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$268.05 / $278.81Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Volatility

ATR (14)

Low volatility

$4.54 (1.73%)Range
Bollinger Bands (20,2)

Width 6.39%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$278.21 / $258.64Range
ATR channel lower / upper

Current Volatility Envelope

$258.38 / $267.46Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.88Range
Support

Nearest Downside Decision Level

$255.69Range

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.433Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.9 / 31.6Bullish
Williams %R (14)

Neutral zone

-65.1Range
CCI (20)

Balanced zone

-98.1Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.4Bearish
OBV slope

20-period OBV slope

251.08%Bullish
Volume ratio

Relative to 20-period average volume

1.00xRange

Trend

Dow Theory Structure

Confirmation $276.39, invalidation $255.69

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.1 / 14.9 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$248.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$268.05 / $278.81Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.433Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.9 / 31.6Bullish
Williams %R (14)

Neutral zone

-65.1Range
CCI (20)

Balanced zone

-98.1Range
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Low volatility

$4.54 (1.73%)Range
Bollinger Bands (20,2)

Width 6.39%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$278.21 / $258.64Range
ATR channel lower / upper

Current Volatility Envelope

$258.38 / $267.46Range

Volume / Money Flow

MFI (14)

Money flow is weak

43.4Bearish
OBV slope

20-period OBV slope

251.08%Bullish
Volume ratio

Relative to 20-period average volume

1.00xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.88Range
Support

Nearest Downside Decision Level

$255.69Range

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