US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

ITW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $275 and stabilize above resistance $301.92.

Invalidation Trigger

Break above $301.92 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 37.4, MACD -1.336

Daily
Volatility EnvironmentRange
Low volatility

ATR is $5.02 (1.87%)

Daily

EMA Structure

Bearish
EMA 8$269.3Bearish
EMA 21$275Bearish
EMA 50$276.4Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.4 · MACD -1.336

Momentum is weak

Strength
Bearish
Volatility
ATR $5.02 · BB 11.24%

Low volatility

Strength
Range
Volume
MFI 35.3 · OBV -41.54%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$261.35 - $301.92

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+14.46% · 7.7 ATR above latest close

$306.94
Nearest resistance

+12.59% · 6.7 ATR above · 34-bar high

$301.92
Current price

Price shown is delayed

$268.16
Nearest support

-2.54% · 1.4 ATR below · 34-bar low

$261.35
Deeper support zone

-4.41% · 2.4 ATR below latest close

$256.33
ATR zone

Latest close ± ATR14

$263.14 - $273.18

Indicators

Trend

Dow Theory Structure

Confirmation $261.35, invalidation $273.86

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

74.1 / 12.1 / 35.9Bearish
Supertrend (10,3)

Price is above Supertrend

$253.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$274.3 / $281.64Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Volatility

ATR (14)

Low volatility

$5.02 (1.87%)Range
Bollinger Bands (20,2)

Width 11.24%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$284.35 / $265.09Range
ATR channel lower / upper

Current Volatility Envelope

$263.14 / $273.18Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$261.35Range

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-1.336Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.3 / 23.4Bullish
Williams %R (14)

Neutral zone

-72.7Range
CCI (20)

Balanced zone

-79.1Range
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.3Bearish
OBV slope

20-period OBV slope

-41.54%Bearish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Trend

Dow Theory Structure

Confirmation $261.35, invalidation $273.86

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

74.1 / 12.1 / 35.9Bearish
Supertrend (10,3)

Price is above Supertrend

$253.46Bullish
Ichimoku Cloud

Cloud Span A / Span B

$274.3 / $281.64Bearish
Donchian Channel (20)

20-period breakout channel position

23%Bearish

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-1.336Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.3 / 23.4Bullish
Williams %R (14)

Neutral zone

-72.7Range
CCI (20)

Balanced zone

-79.1Range
TD Sequential

Exhaustion setup is near completion

buy 12Bullish

Volatility

ATR (14)

Low volatility

$5.02 (1.87%)Range
Bollinger Bands (20,2)

Width 11.24%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$284.35 / $265.09Range
ATR channel lower / upper

Current Volatility Envelope

$263.14 / $273.18Range

Volume / Money Flow

MFI (14)

Money flow is weak

35.3Bearish
OBV slope

20-period OBV slope

-41.54%Bearish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$261.35Range

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