US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

ITW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $255.69 and reclaim $297.17.

Invalidation Trigger

Lose $255.69 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 58.4, MACD 0.316

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $6.9 (2.41%)

Daily

EMA Structure

Bullish
EMA 8$286.03Bullish
EMA 21$281.63Bullish
EMA 50$277.31Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.4 · MACD 0.316

Momentum is strong

Strength
Bullish
Volatility
ATR $6.9 · BB 8.04%

Medium volatility

Strength
Range
Volume
MFI 60.2 · OBV 34.97%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$255.69 - $297.17

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+6.04% · 2.5 ATR above latest close

$304.07
Nearest resistance

+3.63% · 1.5 ATR above · 34-bar high

$297.17
Current price

Price shown is delayed

$286.75
Nearest support

-10.83% · 4.5 ATR below · 34-bar low

$255.69
Deeper support zone

-13.24% · 5.5 ATR below latest close

$248.79
ATR zone

Latest close ± ATR14

$279.85 - $293.65

Indicators

Trend

Dow Theory Structure

Confirmation $297.17, invalidation $280

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

Trend strength is moderate

17.8 / 31.1 / 18.1Bullish
Supertrend (10,3)

Price is above Supertrend

$269.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$283.64 / $276.43Bullish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Volatility

ATR (14)

Medium volatility

$6.9 (2.41%)Range
Bollinger Bands (20,2)

Width 8.04%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$294.97 / $268.88Range
ATR channel lower / upper

Current Volatility Envelope

$279.85 / $293.65Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$297.17Range
Support

Nearest Downside Decision Level

$255.69Range

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is positive

0.316Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.4 / 66.6Bearish
Williams %R (14)

Neutral zone

-35.6Range
CCI (20)

Balanced zone

85.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.2Bullish
OBV slope

20-period OBV slope

34.97%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Trend

Dow Theory Structure

Confirmation $297.17, invalidation $280

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

Trend strength is moderate

17.8 / 31.1 / 18.1Bullish
Supertrend (10,3)

Price is above Supertrend

$269.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$283.64 / $276.43Bullish
Donchian Channel (20)

20-period breakout channel position

64%Bullish

Momentum

RSI (14)

Momentum is strong

58.4Bullish
MACD (12,26,9)

Histogram is positive

0.316Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.4 / 66.6Bearish
Williams %R (14)

Neutral zone

-35.6Range
CCI (20)

Balanced zone

85.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Medium volatility

$6.9 (2.41%)Range
Bollinger Bands (20,2)

Width 8.04%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$294.97 / $268.88Range
ATR channel lower / upper

Current Volatility Envelope

$279.85 / $293.65Range

Volume / Money Flow

MFI (14)

Money flow is strong

60.2Bullish
OBV slope

20-period OBV slope

34.97%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$297.17Range
Support

Nearest Downside Decision Level

$255.69Range

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