US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

12 hoursBearish80%
12h Downside probability 80%Bearish

ITW 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $286.63 and stabilize above resistance $301.92.

Invalidation Trigger

Break above $301.92 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 44.5, MACD -1.845

12h
Volatility EnvironmentBullish
Low volatility

ATR is $4.12 (1.46%)

12h

EMA Structure

Range
EMA 8$285.45Bearish
EMA 21$286.63Bearish
EMA 50$281.29Bullish

Signals

CategoryReadStrength
Momentum
RSI 44.5 · MACD -1.845

Momentum is weak

Strength
Bearish
Volatility
ATR $4.12 · BB 7.02%

Low volatility

Strength
Bullish
Volume
MFI 18.6 · OBV -5.00%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$270.72 - $301.92

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+8.41% · 5.8 ATR above latest close

$306.04
Nearest resistance

+6.95% · 4.8 ATR above · 34-bar high

$301.92
Current price

Price shown is delayed

$282.29
Nearest support

-4.1% · 2.8 ATR below · 34-bar low

$270.72
Deeper support zone

-5.56% · 3.8 ATR below latest close

$266.6
ATR zone

Latest close ± ATR14

$278.17 - $286.41

Indicators

Trend

Dow Theory Structure

Confirmation $289.78, invalidation $292.45

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

26.8 / 16.4 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$271.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.5 / $282.68Bearish
Donchian Channel (20)

20-period breakout channel position

6%Range

Volatility

ATR (14)

Low volatility

$4.12 (1.46%)Bullish
Bollinger Bands (20,2)

Width 7.02%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$294.42 / $279.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$278.17 / $286.41Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$270.72Range

Momentum

RSI (14)

Momentum is weak

44.5Bearish
MACD (12,26,9)

Histogram is negative

-1.845Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.9 / 6.9Bullish
Williams %R (14)

Oversold zone

-93.1Bullish
CCI (20)

Weak expansion

-119.1Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

18.6Bearish
OBV slope

20-period OBV slope

-5.00%Bearish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Trend

Dow Theory Structure

Confirmation $289.78, invalidation $292.45

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

26.8 / 16.4 / 31.5Bearish
Supertrend (10,3)

Price is above Supertrend

$271.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.5 / $282.68Bearish
Donchian Channel (20)

20-period breakout channel position

6%Range

Momentum

RSI (14)

Momentum is weak

44.5Bearish
MACD (12,26,9)

Histogram is negative

-1.845Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

6.9 / 6.9Bullish
Williams %R (14)

Oversold zone

-93.1Bullish
CCI (20)

Weak expansion

-119.1Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$4.12 (1.46%)Bullish
Bollinger Bands (20,2)

Width 7.02%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$294.42 / $279.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$278.17 / $286.41Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

18.6Bearish
OBV slope

20-period OBV slope

-5.00%Bearish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$270.72Range

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