US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 monthBullish70%
Monthly Upside probability 70%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 $214.8 and reclaim $303.13.

Invalidation Trigger

Lose $214.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateRange
Momentum mixed

RSI 52.7, MACD -0.576

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $20.92 (8%)

Monthly

EMA Structure

Bullish
EMA 8$258.5Bullish
EMA 21$255.66Bullish
EMA 50$243.99Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.7 · MACD -0.576

Neutral zone

Strength
Range
Volatility
ATR $20.92 · BB 18.44%

High volatility

Strength
Bearish
Volume
MFI 57.1 · OBV -17.52%

Relative to 20-period average volume

Strength
Range
Price Levels
$214.8 - $303.13

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+23.88% · 3.0 ATR above latest close

$324.04
Nearest resistance

+15.88% · 2.0 ATR above · 34-bar high

$303.13
Current price

Price shown is delayed

$261.58
Nearest support

-17.89% · 2.2 ATR below · 34-bar low

$214.8
Deeper support zone

-25.88% · 3.2 ATR below latest close

$193.88
ATR zone

Latest close ± ATR14

$240.66 - $282.5

Indicators

Trend

Dow Theory Structure

Confirmation $303.13, invalidation $239.28

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

Trend strength is moderate

15.9 / 27.5 / 11.6Bullish
Supertrend (10,3)

Price is above Supertrend

$187.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.08 / $238.33Bearish
Donchian Channel (20)

20-period breakout channel position

53%Range

Volatility

ATR (14)

High volatility

$20.92 (8%)Bearish
Bollinger Bands (20,2)

Width 18.44%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$301.77 / $210.11Bearish
ATR channel lower / upper

Current Volatility Envelope

$240.66 / $282.5Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$214.8Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-0.576Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.5 / 41.1Bearish
Williams %R (14)

Neutral zone

-62.5Range
CCI (20)

Balanced zone

7.2Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

-17.52%Bearish
Volume ratio

Relative to 20-period average volume

1.01xRange

Trend

Dow Theory Structure

Confirmation $303.13, invalidation $239.28

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

Trend strength is moderate

15.9 / 27.5 / 11.6Bullish
Supertrend (10,3)

Price is above Supertrend

$187.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.08 / $238.33Bearish
Donchian Channel (20)

20-period breakout channel position

53%Range

Momentum

RSI (14)

Neutral zone

52.7Range
MACD (12,26,9)

Histogram is negative

-0.576Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.5 / 41.1Bearish
Williams %R (14)

Neutral zone

-62.5Range
CCI (20)

Balanced zone

7.2Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$20.92 (8%)Bearish
Bollinger Bands (20,2)

Width 18.44%

60%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$301.77 / $210.11Bearish
ATR channel lower / upper

Current Volatility Envelope

$240.66 / $282.5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

-17.52%Bearish
Volume ratio

Relative to 20-period average volume

1.01xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$214.8Range

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