US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

12 hoursBearish78%
12h Downside probability 78%Bearish

ITW 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $268.07 and stabilize above resistance $284.43.

Invalidation Trigger

Break above $284.43 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 38.6, MACD -0.671

12h
Volatility EnvironmentRange
Low volatility

ATR is $4.05 (1.54%)

12h

EMA Structure

Bearish
EMA 8$264.69Bearish
EMA 21$268.07Bearish
EMA 50$272.02Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.6 · MACD -0.671

Momentum is weak

Strength
Bearish
Volatility
ATR $4.05 · BB 6.57%

Low volatility

Strength
Range
Volume
MFI 44.2 · OBV 0.24%

Relative to 20-period average volume

Strength
Range
Price Levels
$255.69 - $284.43

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.72% · 6.3 ATR above latest close

$288.48
Nearest resistance

+8.18% · 5.3 ATR above · 34-bar high

$284.43
Current price

Price shown is delayed

$262.92
Nearest support

-2.75% · 1.8 ATR below · 34-bar low

$255.69
Deeper support zone

-4.29% · 2.8 ATR below latest close

$251.64
ATR zone

Latest close ± ATR14

$258.87 - $266.97

Indicators

Trend

Dow Theory Structure

Confirmation $276.39, invalidation $266.16

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

Trend strength is active

28.3 / 23.4 / 37.5Bearish
Supertrend (10,3)

Price is above Supertrend

$249.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.04 / $276.08Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Volatility

ATR (14)

Low volatility

$4.05 (1.54%)Range
Bollinger Bands (20,2)

Width 6.57%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$276.72 / $259.01Range
ATR channel lower / upper

Current Volatility Envelope

$258.87 / $266.97Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$284.43Range
Support

Nearest Downside Decision Level

$255.69Range

Momentum

RSI (14)

Momentum is weak

38.6Bearish
MACD (12,26,9)

Histogram is negative

-0.671Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.9 / 23.5Bullish
Williams %R (14)

Neutral zone

-65.1Range
CCI (20)

Weak expansion

-114.3Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

0.24%Bullish
Volume ratio

Relative to 20-period average volume

1.29xBullish

Trend

Dow Theory Structure

Confirmation $276.39, invalidation $266.16

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

Trend strength is active

28.3 / 23.4 / 37.5Bearish
Supertrend (10,3)

Price is above Supertrend

$249.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.04 / $276.08Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Momentum

RSI (14)

Momentum is weak

38.6Bearish
MACD (12,26,9)

Histogram is negative

-0.671Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.9 / 23.5Bullish
Williams %R (14)

Neutral zone

-65.1Range
CCI (20)

Weak expansion

-114.3Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Low volatility

$4.05 (1.54%)Range
Bollinger Bands (20,2)

Width 6.57%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$276.72 / $259.01Range
ATR channel lower / upper

Current Volatility Envelope

$258.87 / $266.97Range

Volume / Money Flow

MFI (14)

Money flow is weak

44.2Bearish
OBV slope

20-period OBV slope

0.24%Bullish
Volume ratio

Relative to 20-period average volume

1.29xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$284.43Range
Support

Nearest Downside Decision Level

$255.69Range

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