US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 hourBearish62%
1h Downside probability 62%Bearish

ITW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $288.37 and stabilize above resistance $292.5.

Invalidation Trigger

Break above $292.5 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 44.2, MACD -0.391

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.58 (0.55%)

1h

EMA Structure

Range
EMA 8$288.15Bearish
EMA 21$288.37Bearish
EMA 50$287.66Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.2 · MACD -0.391

Momentum is weak

Strength
Bearish
Volatility
ATR $1.58 · BB 2.07%

Low volatility

Strength
Bullish
Volume
MFI 50.6 · OBV 28.42%

Relative to 20-period average volume

Strength
Range
Price Levels
$283.67 - $292.5

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.56% · 4.7 ATR above latest close

$294.08
Nearest resistance

+2.01% · 3.7 ATR above · 34-bar high

$292.5
Current price

Price shown is delayed

$286.73
Nearest support

-1.07% · 1.9 ATR below · 34-bar low

$283.67
Deeper support zone

-1.62% · 2.9 ATR below latest close

$282.09
ATR zone

Latest close ± ATR14

$285.15 - $288.31

Indicators

Trend

Dow Theory Structure

Confirmation $292.5, invalidation $288.2

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

Trend strength is moderate

14.0 / 21.0 / 27.1Bearish
Supertrend (10,3)

Price is above Supertrend

$281.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$289.34 / $286.25Bearish
Donchian Channel (20)

20-period breakout channel position

9%Range

Volatility

ATR (14)

Low volatility

$1.58 (0.55%)Bullish
Bollinger Bands (20,2)

Width 2.07%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$292.17 / $284.61Bullish
ATR channel lower / upper

Current Volatility Envelope

$285.15 / $288.31Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$292.5Range
Support

Nearest Downside Decision Level

$283.67Range

Momentum

RSI (14)

Momentum is weak

44.2Bearish
MACD (12,26,9)

Histogram is negative

-0.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.0 / 4.7Bearish
Williams %R (14)

Oversold zone

-100.0Bullish
CCI (20)

Weak expansion

-133.3Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.6Range
OBV slope

20-period OBV slope

28.42%Bullish
Volume ratio

Relative to 20-period average volume

3.96xBullish

Trend

Dow Theory Structure

Confirmation $292.5, invalidation $288.2

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

Trend strength is moderate

14.0 / 21.0 / 27.1Bearish
Supertrend (10,3)

Price is above Supertrend

$281.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$289.34 / $286.25Bearish
Donchian Channel (20)

20-period breakout channel position

9%Range

Momentum

RSI (14)

Momentum is weak

44.2Bearish
MACD (12,26,9)

Histogram is negative

-0.391Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.0 / 4.7Bearish
Williams %R (14)

Oversold zone

-100.0Bullish
CCI (20)

Weak expansion

-133.3Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$1.58 (0.55%)Bullish
Bollinger Bands (20,2)

Width 2.07%

18%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$292.17 / $284.61Bullish
ATR channel lower / upper

Current Volatility Envelope

$285.15 / $288.31Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.6Range
OBV slope

20-period OBV slope

28.42%Bullish
Volume ratio

Relative to 20-period average volume

3.96xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$292.5Range
Support

Nearest Downside Decision Level

$283.67Range

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