US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 hourRange53%
1h Range probability 94%Range

ITW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $269.66 - $279.42 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 50.2, MACD -0.247

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.67 (0.61%)

1h

EMA Structure

Bullish
EMA 8$276.36Bearish
EMA 21$276.03Bearish
EMA 50$274.18Bullish

Signals

CategoryReadStrength
Momentum
RSI 50.2 · MACD -0.247

Neutral zone

Strength
Bearish
Volatility
ATR $1.67 · BB 1.92%

Low volatility

Strength
Bullish
Volume
MFI 57.3 · OBV 19.01%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$269.66 - $279.42

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+1.94% · 3.2 ATR above latest close

$281.09
Nearest resistance

+1.33% · 2.2 ATR above · 34-bar high

$279.42
Current price

Price shown is delayed

$275.75
Nearest support

-2.21% · 3.6 ATR below · 34-bar low

$269.66
Deeper support zone

-2.82% · 4.6 ATR below latest close

$267.99
ATR zone

Latest close ± ATR14

$274.08 - $277.42

Indicators

Trend

Dow Theory Structure

Confirmation $279.24, invalidation $274.68

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

Trend strength is moderate

18.4 / 30.1 / 36.8Bearish
Supertrend (10,3)

Price is above Supertrend

$270.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.02 / $274.41Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Volatility

ATR (14)

Low volatility

$1.67 (0.61%)Bullish
Bollinger Bands (20,2)

Width 1.92%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$279.4 / $272.75Bullish
ATR channel lower / upper

Current Volatility Envelope

$274.08 / $277.42Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.42Range
Support

Nearest Downside Decision Level

$269.66Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is negative

-0.247Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.4 / 59.2Bearish
Williams %R (14)

Neutral zone

-61.6Range
CCI (20)

Balanced zone

-49.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

57.3Bullish
OBV slope

20-period OBV slope

19.01%Bullish
Volume ratio

Relative to 20-period average volume

2.83xBullish

Trend

Dow Theory Structure

Confirmation $279.24, invalidation $274.68

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

Trend strength is moderate

18.4 / 30.1 / 36.8Bearish
Supertrend (10,3)

Price is above Supertrend

$270.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.02 / $274.41Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Momentum

RSI (14)

Neutral zone

50.2Range
MACD (12,26,9)

Histogram is negative

-0.247Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.4 / 59.2Bearish
Williams %R (14)

Neutral zone

-61.6Range
CCI (20)

Balanced zone

-49.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$1.67 (0.61%)Bullish
Bollinger Bands (20,2)

Width 1.92%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$279.4 / $272.75Bullish
ATR channel lower / upper

Current Volatility Envelope

$274.08 / $277.42Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

57.3Bullish
OBV slope

20-period OBV slope

19.01%Bullish
Volume ratio

Relative to 20-period average volume

2.83xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.42Range
Support

Nearest Downside Decision Level

$269.66Range

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