US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 monthBullish92%
Monthly Upside probability 92%Bullish

ITW 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $214.66 and reclaim $303.16.

Invalidation Trigger

Lose $214.66 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateBullish
Momentum improving

RSI 60.2, MACD 2.475

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $22.94 (7.88%)

Monthly

EMA Structure

Bullish
EMA 8$271.83Bullish
EMA 21$262.09Bullish
EMA 50$246.4Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.2 · MACD 2.475

Momentum is strong

Strength
Bullish
Volatility
ATR $22.94 · BB 22.98%

High volatility

Strength
Bearish
Volume
MFI 61.3 · OBV 22.74%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$214.66 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+12.07% · 1.5 ATR above latest close

$326.09
Nearest resistance

+4.19% · 0.5 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$290.97
Nearest support

-26.23% · 3.3 ATR below · 34-bar low

$214.66
Deeper support zone

-34.11% · 4.3 ATR below latest close

$191.72
ATR zone

Latest close ± ATR14

$268.03 - $313.91

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.5 / 35.2 / 10.6Bullish
Supertrend (10,3)

Price is above Supertrend

$214.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.76 / $238.34Bullish
Donchian Channel (20)

20-period breakout channel position

86%Bullish

Volatility

ATR (14)

High volatility

$22.94 (7.88%)Bearish
Bollinger Bands (20,2)

Width 22.98%

103%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$312.03 / $213.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$268.03 / $313.91Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$214.66Range

Momentum

RSI (14)

Momentum is strong

60.2Bullish
MACD (12,26,9)

Histogram is positive

2.475Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.1 / 68.9Bullish
Williams %R (14)

Overbought zone

-18.9Bearish
CCI (20)

Strong expansion

201.1Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.3Bullish
OBV slope

20-period OBV slope

22.74%Bullish
Volume ratio

Relative to 20-period average volume

0.03xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.5 / 35.2 / 10.6Bullish
Supertrend (10,3)

Price is above Supertrend

$214.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.76 / $238.34Bullish
Donchian Channel (20)

20-period breakout channel position

86%Bullish

Momentum

RSI (14)

Momentum is strong

60.2Bullish
MACD (12,26,9)

Histogram is positive

2.475Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.1 / 68.9Bullish
Williams %R (14)

Overbought zone

-18.9Bearish
CCI (20)

Strong expansion

201.1Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$22.94 (7.88%)Bearish
Bollinger Bands (20,2)

Width 22.98%

103%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$312.03 / $213.22Bearish
ATR channel lower / upper

Current Volatility Envelope

$268.03 / $313.91Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.3Bullish
OBV slope

20-period OBV slope

22.74%Bullish
Volume ratio

Relative to 20-period average volume

0.03xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$214.66Range

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