US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBearish70%
Weekly Downside probability 70%Bearish

ITW 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is above EMA21, short trend is constructive

Confirmation Trigger

Recover $260.34 and stabilize above resistance $303.13.

Invalidation Trigger

Break above $303.13 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 50.7, MACD -0.619

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $10.85 (4.15%)

Weekly

EMA Structure

Range
EMA 8$258.39Bullish
EMA 21$260.34Bullish
EMA 50$259.46Bullish

Signals

CategoryReadStrength
Momentum
RSI 50.7 · MACD -0.619

Neutral zone

Strength
Range
Volatility
ATR $10.85 · BB 22.15%

Medium volatility

Strength
Range
Volume
MFI 41.4 · OBV -66.20%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$239.28 - $303.13

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+20.03% · 4.8 ATR above latest close

$313.98
Nearest resistance

+15.88% · 3.8 ATR above · 34-bar high

$303.13
Current price

Price shown is delayed

$261.58
Nearest support

-8.53% · 2.1 ATR below · 34-bar low

$239.28
Deeper support zone

-12.68% · 3.1 ATR below latest close

$228.42
ATR zone

Latest close ± ATR14

$250.73 - $272.43

Indicators

Trend

Dow Theory Structure

Confirmation $242.12, invalidation $274.73

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.9 / 18.9 / 21.4Bearish
Supertrend (10,3)

Price is above Supertrend

$232.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.03 / $271.2Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Volatility

ATR (14)

Medium volatility

$10.85 (4.15%)Range
Bollinger Bands (20,2)

Width 22.15%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$280.57 / $239.97Range
ATR channel lower / upper

Current Volatility Envelope

$250.73 / $272.43Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$239.28Range

Momentum

RSI (14)

Neutral zone

50.7Range
MACD (12,26,9)

Histogram is negative

-0.619Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.7 / 56.5Bullish
Williams %R (14)

Neutral zone

-40.3Range
CCI (20)

Balanced zone

-20.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

41.4Bearish
OBV slope

20-period OBV slope

-66.20%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Trend

Dow Theory Structure

Confirmation $242.12, invalidation $274.73

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.9 / 18.9 / 21.4Bearish
Supertrend (10,3)

Price is above Supertrend

$232.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.03 / $271.2Bearish
Donchian Channel (20)

20-period breakout channel position

32%Range

Momentum

RSI (14)

Neutral zone

50.7Range
MACD (12,26,9)

Histogram is negative

-0.619Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

59.7 / 56.5Bullish
Williams %R (14)

Neutral zone

-40.3Range
CCI (20)

Balanced zone

-20.0Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Medium volatility

$10.85 (4.15%)Range
Bollinger Bands (20,2)

Width 22.15%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$280.57 / $239.97Range
ATR channel lower / upper

Current Volatility Envelope

$250.73 / $272.43Range

Volume / Money Flow

MFI (14)

Money flow is weak

41.4Bearish
OBV slope

20-period OBV slope

-66.20%Bearish
Volume ratio

Relative to 20-period average volume

0.23xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$239.28Range

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