US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 monthBullish92%
Monthly Upside probability 92%Bullish

ITW 1M chart

EMA21EMA50Bollinger
----

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 57.6, MACD 1.921

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $23.91 (8.47%)

Monthly

EMA Structure

Bullish
EMA 8$269.9Bullish
EMA 21$261.3Bullish
EMA 50$246.06Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.6 · MACD 1.921

Momentum is strong

Strength
Bullish
Volatility
ATR $23.91 · BB 21.75%

High volatility

Strength
Bearish
Volume
MFI 62.7 · OBV 14.57%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$214.66 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+15.86% · 1.9 ATR above latest close

$327.06
Nearest resistance

+7.39% · 0.9 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$282.29
Nearest support

-23.96% · 2.8 ATR below · 34-bar low

$214.66
Deeper support zone

-32.43% · 3.8 ATR below latest close

$190.75
ATR zone

Latest close ± ATR14

$258.38 - $306.2

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.5 / 33.8 / 10.2Bullish
Supertrend (10,3)

Price is above Supertrend

$212.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.76 / $238.34Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Volatility

ATR (14)

High volatility

$23.91 (8.47%)Bearish
Bollinger Bands (20,2)

Width 21.75%

91%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$313.91 / $209.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$258.38 / $306.2Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$214.66Range

Momentum

RSI (14)

Momentum is strong

57.6Bullish
MACD (12,26,9)

Histogram is positive

1.921Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.6 / 64.4Bullish
Williams %R (14)

Neutral zone

-32.4Range
CCI (20)

Strong expansion

193.2Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.7Bullish
OBV slope

20-period OBV slope

14.57%Bullish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.5 / 33.8 / 10.2Bullish
Supertrend (10,3)

Price is above Supertrend

$212.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.76 / $238.34Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Momentum

RSI (14)

Momentum is strong

57.6Bullish
MACD (12,26,9)

Histogram is positive

1.921Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.6 / 64.4Bullish
Williams %R (14)

Neutral zone

-32.4Range
CCI (20)

Strong expansion

193.2Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$23.91 (8.47%)Bearish
Bollinger Bands (20,2)

Width 21.75%

91%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$313.91 / $209.68Bearish
ATR channel lower / upper

Current Volatility Envelope

$258.38 / $306.2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.7Bullish
OBV slope

20-period OBV slope

14.57%Bullish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$214.66Range

Related Forecasts