US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 hourBearish61%
1h Downside probability 61%Bearish

ITW 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $263.95 and stabilize above resistance $269.5.

Invalidation Trigger

Break above $269.5 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateRange
Momentum mixed

RSI 49.8, MACD -0.055

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.5 (0.57%)

1h

EMA Structure

Range
EMA 8$263.65Bullish
EMA 21$263.95Bearish
EMA 50$262.95Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.8 · MACD -0.055

Neutral zone

Strength
Range
Volatility
ATR $1.5 · BB 1.90%

Low volatility

Strength
Bullish
Volume
MFI 21.7 · OBV -11.30%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$261.07 - $269.5

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.69% · 4.7 ATR above latest close

$271
Nearest resistance

+2.13% · 3.7 ATR above · 34-bar high

$269.5
Current price

Price shown is delayed

$263.89
Nearest support

-1.07% · 1.9 ATR below · 34-bar low

$261.07
Deeper support zone

-1.64% · 2.9 ATR below latest close

$259.57
ATR zone

Latest close ± ATR14

$262.39 - $265.39

Indicators

Trend

Dow Theory Structure

Confirmation $265.44, invalidation $262.64

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

Trend strength is moderate

14.1 / 27.1 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$260.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$264.52 / $262.84Bearish
Donchian Channel (20)

20-period breakout channel position

50%Range

Volatility

ATR (14)

Low volatility

$1.5 (0.57%)Bullish
Bollinger Bands (20,2)

Width 1.90%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$266.58 / $261.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$262.39 / $265.39Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$261.07Range

Momentum

RSI (14)

Neutral zone

49.8Range
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.9 / 42.2Bullish
Williams %R (14)

Neutral zone

-40.1Range
CCI (20)

Balanced zone

2.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

21.7Bearish
OBV slope

20-period OBV slope

-11.30%Bearish
Volume ratio

Relative to 20-period average volume

1.70xBullish

Trend

Dow Theory Structure

Confirmation $265.44, invalidation $262.64

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

Trend strength is moderate

14.1 / 27.1 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$260.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$264.52 / $262.84Bearish
Donchian Channel (20)

20-period breakout channel position

50%Range

Momentum

RSI (14)

Neutral zone

49.8Range
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.9 / 42.2Bullish
Williams %R (14)

Neutral zone

-40.1Range
CCI (20)

Balanced zone

2.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$1.5 (0.57%)Bullish
Bollinger Bands (20,2)

Width 1.90%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$266.58 / $261.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$262.39 / $265.39Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

21.7Bearish
OBV slope

20-period OBV slope

-11.30%Bearish
Volume ratio

Relative to 20-period average volume

1.70xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$261.07Range

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