US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

12 hoursBullish92%
12h Upside probability 92%Bullish

ITW 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: 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

12h
Momentum StateBullish
Momentum improving

RSI 58.9, MACD 1.383

12h
Volatility EnvironmentRange
Low volatility

ATR is $4.66 (1.77%)

12h

EMA Structure

Range
EMA 8$261.81Bullish
EMA 21$258.09Bullish
EMA 50$258.29Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.9 · MACD 1.383

Momentum is strong

Strength
Bullish
Volatility
ATR $4.66 · BB 10.17%

Low volatility

Strength
Range
Volume
MFI 75.6 · OBV 52.64%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.12 - $269.5

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.89% · 2.2 ATR above latest close

$274.16
Nearest resistance

+2.13% · 1.2 ATR above · 34-bar high

$269.5
Current price

Price shown is delayed

$263.89
Nearest support

-8.25% · 4.7 ATR below · 34-bar low

$242.12
Deeper support zone

-10.02% · 5.7 ATR below latest close

$237.46
ATR zone

Latest close ± ATR14

$259.23 - $268.55

Indicators

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $250.15

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

Trend strength is moderate

20.8 / 26.3 / 14.3Bullish
Supertrend (10,3)

Price is above Supertrend

$248.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$257.95 / $258.34Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Volatility

ATR (14)

Low volatility

$4.66 (1.77%)Range
Bollinger Bands (20,2)

Width 10.17%

82%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$268.54 / $247.91Range
ATR channel lower / upper

Current Volatility Envelope

$259.23 / $268.55Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is positive

1.383Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.4 / 72.4Bearish
Williams %R (14)

Neutral zone

-28.6Range
CCI (20)

Balanced zone

90.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

75.6Bullish
OBV slope

20-period OBV slope

52.64%Bullish
Volume ratio

Relative to 20-period average volume

1.01xRange

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $250.15

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

Trend strength is moderate

20.8 / 26.3 / 14.3Bullish
Supertrend (10,3)

Price is above Supertrend

$248.35Bullish
Ichimoku Cloud

Cloud Span A / Span B

$257.95 / $258.34Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is positive

1.383Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.4 / 72.4Bearish
Williams %R (14)

Neutral zone

-28.6Range
CCI (20)

Balanced zone

90.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$4.66 (1.77%)Range
Bollinger Bands (20,2)

Width 10.17%

82%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$268.54 / $247.91Range
ATR channel lower / upper

Current Volatility Envelope

$259.23 / $268.55Range

Volume / Money Flow

MFI (14)

Money flow is strong

75.6Bullish
OBV slope

20-period OBV slope

52.64%Bullish
Volume ratio

Relative to 20-period average volume

1.01xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

Related Forecasts