US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

12 hoursBearish92%
12h Downside probability 92%Bearish

ITW 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $274.38 and stabilize above resistance $300.53.

Invalidation Trigger

Break above $300.53 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 37.4, MACD -0.816

12h
Volatility EnvironmentBullish
Low volatility

ATR is $3.97 (1.48%)

12h

EMA Structure

Bearish
EMA 8$269.07Bearish
EMA 21$274.38Bearish
EMA 50$277.27Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.4 · MACD -0.816

Momentum is weak

Strength
Bearish
Volatility
ATR $3.97 · BB 10.34%

Low volatility

Strength
Bullish
Volume
MFI 34.1 · OBV -10.95%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$261.74 - $300.53

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+13.55% · 9.1 ATR above latest close

$304.5
Nearest resistance

+12.07% · 8.1 ATR above · 34-bar high

$300.53
Current price

Price shown is delayed

$268.16
Nearest support

-2.39% · 1.6 ATR below · 34-bar low

$261.74
Deeper support zone

-3.88% · 2.6 ATR below latest close

$257.77
ATR zone

Latest close ± ATR14

$264.19 - $272.13

Indicators

Trend

Dow Theory Structure

Confirmation $267.81, invalidation $272.79

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

Trend strength is active

58.4 / 10.8 / 50.7Bearish
Supertrend (10,3)

Price is above Supertrend

$256.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$271.79 / $281.83Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Volatility

ATR (14)

Low volatility

$3.97 (1.48%)Bullish
Bollinger Bands (20,2)

Width 10.34%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$281.92 / $266.21Bullish
ATR channel lower / upper

Current Volatility Envelope

$264.19 / $272.13Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$300.53Range
Support

Nearest Downside Decision Level

$261.74Range

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-0.816Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.3 / 17.3Bullish
Williams %R (14)

Neutral zone

-71.7Range
CCI (20)

Balanced zone

-76.4Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

34.1Bearish
OBV slope

20-period OBV slope

-10.95%Bearish
Volume ratio

Relative to 20-period average volume

1.27xBullish

Trend

Dow Theory Structure

Confirmation $267.81, invalidation $272.79

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

Trend strength is active

58.4 / 10.8 / 50.7Bearish
Supertrend (10,3)

Price is above Supertrend

$256.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$271.79 / $281.83Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Momentum

RSI (14)

Momentum is weak

37.4Bearish
MACD (12,26,9)

Histogram is negative

-0.816Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

28.3 / 17.3Bullish
Williams %R (14)

Neutral zone

-71.7Range
CCI (20)

Balanced zone

-76.4Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$3.97 (1.48%)Bullish
Bollinger Bands (20,2)

Width 10.34%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$281.92 / $266.21Bullish
ATR channel lower / upper

Current Volatility Envelope

$264.19 / $272.13Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

34.1Bearish
OBV slope

20-period OBV slope

-10.95%Bearish
Volume ratio

Relative to 20-period average volume

1.27xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$300.53Range
Support

Nearest Downside Decision Level

$261.74Range

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