US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 hourBullish71%
1h Upside probability 71%Bullish

ITW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $261.74 and reclaim $271.24.

Invalidation Trigger

Lose $261.74 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 56.9, MACD 0.595

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.23 (0.46%)

1h

EMA Structure

Range
EMA 8$267.83Bullish
EMA 21$266.84Bullish
EMA 50$268.03Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.9 · MACD 0.595

Momentum is strong

Strength
Bullish
Volatility
ATR $1.23 · BB 3.57%

Low volatility

Strength
Bullish
Volume
MFI 52.3 · OBV -919.71%

Relative to 20-period average volume

Strength
Range
Price Levels
$261.74 - $271.24

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+1.61% · 3.5 ATR above latest close

$272.48
Nearest resistance

+1.15% · 2.5 ATR above · 34-bar high

$271.24
Current price

Price shown is delayed

$268.16
Nearest support

-2.39% · 5.2 ATR below · 34-bar low

$261.74
Deeper support zone

-2.85% · 6.2 ATR below latest close

$260.51
ATR zone

Latest close ± ATR14

$266.93 - $269.39

Indicators

Trend

Dow Theory Structure

Confirmation $269.38, invalidation $261.86

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

Trend strength is active

34.0 / 50.3 / 18.5Bullish
Supertrend (10,3)

Price is above Supertrend

$264.41Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.56 / $267.27Bullish
Donchian Channel (20)

20-period breakout channel position

81%Range

Volatility

ATR (14)

Low volatility

$1.23 (0.46%)Bullish
Bollinger Bands (20,2)

Width 3.57%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$269.31 / $264.39Bullish
ATR channel lower / upper

Current Volatility Envelope

$266.93 / $269.39Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$271.24Range
Support

Nearest Downside Decision Level

$261.74Range

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

0.595Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.9 / 85.2Bearish
Williams %R (14)

Overbought zone

-19.1Bearish
CCI (20)

Balanced zone

77.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.3Range
OBV slope

20-period OBV slope

-919.71%Bearish
Volume ratio

Relative to 20-period average volume

2.54xBullish

Trend

Dow Theory Structure

Confirmation $269.38, invalidation $261.86

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

Trend strength is active

34.0 / 50.3 / 18.5Bullish
Supertrend (10,3)

Price is above Supertrend

$264.41Bullish
Ichimoku Cloud

Cloud Span A / Span B

$266.56 / $267.27Bullish
Donchian Channel (20)

20-period breakout channel position

81%Range

Momentum

RSI (14)

Momentum is strong

56.9Bullish
MACD (12,26,9)

Histogram is positive

0.595Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.9 / 85.2Bearish
Williams %R (14)

Overbought zone

-19.1Bearish
CCI (20)

Balanced zone

77.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$1.23 (0.46%)Bullish
Bollinger Bands (20,2)

Width 3.57%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$269.31 / $264.39Bullish
ATR channel lower / upper

Current Volatility Envelope

$266.93 / $269.39Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.3Range
OBV slope

20-period OBV slope

-919.71%Bearish
Volume ratio

Relative to 20-period average volume

2.54xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$271.24Range
Support

Nearest Downside Decision Level

$261.74Range

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