US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

ITW 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $242.05 and reclaim $303.16.

Invalidation Trigger

Lose $242.05 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 57.1, MACD 2.820

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $11.86 (4.2%)

Weekly

EMA Structure

Bullish
EMA 8$281.8Bullish
EMA 21$272.98Bullish
EMA 50$266.03Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.1 · MACD 2.820

Momentum is strong

Strength
Bullish
Volatility
ATR $11.86 · BB 21.14%

Medium volatility

Strength
Range
Volume
MFI 62.1 · OBV 44.38%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.05 - $303.16

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+11.59% · 2.8 ATR above latest close

$315.01
Nearest resistance

+7.39% · 1.8 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$282.29
Nearest support

-14.25% · 3.4 ATR below · 34-bar low

$242.05
Deeper support zone

-18.46% · 4.4 ATR below latest close

$230.19
ATR zone

Latest close ± ATR14

$270.43 - $294.15

Indicators

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $242.05

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

Trend strength is active

36.2 / 31.7 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$247.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.79 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

67%Range

Volatility

ATR (14)

Medium volatility

$11.86 (4.2%)Range
Bollinger Bands (20,2)

Width 21.14%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$299.34 / $247.43Range
ATR channel lower / upper

Current Volatility Envelope

$270.43 / $294.15Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Momentum is strong

57.1Bullish
MACD (12,26,9)

Histogram is positive

2.820Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.2 / 80.0Bearish
Williams %R (14)

Neutral zone

-32.8Range
CCI (20)

Balanced zone

97.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

44.38%Bullish
Volume ratio

Relative to 20-period average volume

0.71xBearish

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $242.05

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

Trend strength is active

36.2 / 31.7 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$247.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.79 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

67%Range

Momentum

RSI (14)

Momentum is strong

57.1Bullish
MACD (12,26,9)

Histogram is positive

2.820Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.2 / 80.0Bearish
Williams %R (14)

Neutral zone

-32.8Range
CCI (20)

Balanced zone

97.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$11.86 (4.2%)Range
Bollinger Bands (20,2)

Width 21.14%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$299.34 / $247.43Range
ATR channel lower / upper

Current Volatility Envelope

$270.43 / $294.15Range

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

44.38%Bullish
Volume ratio

Relative to 20-period average volume

0.71xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

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