US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBullish57%
Weekly Upside probability 57%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 below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 48.0, MACD -0.334

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $12.07 (4.5%)

Weekly

EMA Structure

Bullish
EMA 8$276.52Bearish
EMA 21$272.84Bearish
EMA 50$266.78Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.0 · MACD -0.334

Neutral zone

Strength
Bearish
Volatility
ATR $12.07 · BB 21.42%

Medium volatility

Strength
Range
Volume
MFI 67.1 · OBV 44.48%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.05 - $303.16

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+17.55% · 3.9 ATR above latest close

$315.23
Nearest resistance

+13.05% · 2.9 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$268.16
Nearest support

-9.74% · 2.2 ATR below · 34-bar low

$242.05
Deeper support zone

-14.24% · 3.2 ATR below latest close

$229.98
ATR zone

Latest close ± ATR14

$256.09 - $280.23

Indicators

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $242.05

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

Trend strength is active

30.5 / 29.8 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$227.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.81 / $270.99Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Volatility

ATR (14)

Medium volatility

$12.07 (4.5%)Range
Bollinger Bands (20,2)

Width 21.42%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$298.79 / $247.47Range
ATR channel lower / upper

Current Volatility Envelope

$256.09 / $280.23Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Neutral zone

48.0Range
MACD (12,26,9)

Histogram is negative

-0.334Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.8 / 48.4Bearish
Williams %R (14)

Neutral zone

-65.2Range
CCI (20)

Balanced zone

-10.5Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

67.1Bullish
OBV slope

20-period OBV slope

44.48%Bullish
Volume ratio

Relative to 20-period average volume

0.78xBearish

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $242.05

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

Trend strength is active

30.5 / 29.8 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$227.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$276.81 / $270.99Bearish
Donchian Channel (20)

20-period breakout channel position

44%Range

Momentum

RSI (14)

Neutral zone

48.0Range
MACD (12,26,9)

Histogram is negative

-0.334Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

34.8 / 48.4Bearish
Williams %R (14)

Neutral zone

-65.2Range
CCI (20)

Balanced zone

-10.5Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Medium volatility

$12.07 (4.5%)Range
Bollinger Bands (20,2)

Width 21.42%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$298.79 / $247.47Range
ATR channel lower / upper

Current Volatility Envelope

$256.09 / $280.23Range

Volume / Money Flow

MFI (14)

Money flow is strong

67.1Bullish
OBV slope

20-period OBV slope

44.48%Bullish
Volume ratio

Relative to 20-period average volume

0.78xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

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