US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 hourBearish89%
1h Downside probability 89%Bearish

ITW 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $283.62 and stabilize above resistance $289.78.

Invalidation Trigger

Break above $289.78 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 38.9, MACD 0.046

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.9339 (0.33%)

1h

EMA Structure

Bearish
EMA 8$282.64Bearish
EMA 21$283.62Bearish
EMA 50$285.74Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.9 · MACD 0.046

Momentum is weak

Strength
Bearish
Volatility
ATR $0.9339 · BB 1.36%

Low volatility

Strength
Bullish
Volume
MFI 14.8 · OBV -132.04%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$281.05 - $289.78

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+2.98% · 9.0 ATR above latest close

$290.71
Nearest resistance

+2.65% · 8.0 ATR above · 34-bar high

$289.78
Current price

Price shown is delayed

$282.29
Nearest support

-0.44% · 1.3 ATR below · 34-bar low

$281.05
Deeper support zone

-0.77% · 2.3 ATR below latest close

$280.12
ATR zone

Latest close ± ATR14

$281.36 - $283.22

Indicators

Trend

Dow Theory Structure

Confirmation $284.37, invalidation $281.63

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

Trend strength is active

39.8 / 21.7 / 47.1Bearish
Supertrend (10,3)

Price is above Supertrend

$279.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$284.06 / $287.91Bearish
Donchian Channel (20)

20-period breakout channel position

29%Bearish

Volatility

ATR (14)

Low volatility

$0.9339 (0.33%)Bullish
Bollinger Bands (20,2)

Width 1.36%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$285.52 / $281.56Bullish
ATR channel lower / upper

Current Volatility Envelope

$281.36 / $283.22Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.78Range
Support

Nearest Downside Decision Level

$281.05Range

Momentum

RSI (14)

Momentum is weak

38.9Bearish
MACD (12,26,9)

Histogram is positive

0.046Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.0 / 34.4Bearish
Williams %R (14)

Neutral zone

-71.0Range
CCI (20)

Balanced zone

-88.8Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.8Bearish
OBV slope

20-period OBV slope

-132.04%Bearish
Volume ratio

Relative to 20-period average volume

3.81xBullish

Trend

Dow Theory Structure

Confirmation $284.37, invalidation $281.63

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

Trend strength is active

39.8 / 21.7 / 47.1Bearish
Supertrend (10,3)

Price is above Supertrend

$279.29Bullish
Ichimoku Cloud

Cloud Span A / Span B

$284.06 / $287.91Bearish
Donchian Channel (20)

20-period breakout channel position

29%Bearish

Momentum

RSI (14)

Momentum is weak

38.9Bearish
MACD (12,26,9)

Histogram is positive

0.046Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.0 / 34.4Bearish
Williams %R (14)

Neutral zone

-71.0Range
CCI (20)

Balanced zone

-88.8Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$0.9339 (0.33%)Bullish
Bollinger Bands (20,2)

Width 1.36%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$285.52 / $281.56Bullish
ATR channel lower / upper

Current Volatility Envelope

$281.36 / $283.22Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.8Bearish
OBV slope

20-period OBV slope

-132.04%Bearish
Volume ratio

Relative to 20-period average volume

3.81xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.78Range
Support

Nearest Downside Decision Level

$281.05Range

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