US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekRange48%
Weekly Range probability 96%Range

ITW 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $242.05 - $303.16 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 44.9, MACD -1.702

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $12.18 (4.63%)

Weekly

EMA Structure

Bullish
EMA 8$272.16Bearish
EMA 21$271.8Bearish
EMA 50$267.01Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.9 · MACD -1.702

Momentum is weak

Strength
Bearish
Volatility
ATR $12.18 · BB 18.87%

Medium volatility

Strength
Range
Volume
MFI 55.6 · OBV 62.63%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.05 - $303.16

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+19.94% · 4.3 ATR above latest close

$315.34
Nearest resistance

+15.3% · 3.3 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$262.92
Nearest support

-7.94% · 1.7 ATR below · 34-bar low

$242.05
Deeper support zone

-12.57% · 2.7 ATR below latest close

$229.87
ATR zone

Latest close ± ATR14

$250.74 - $275.1

Indicators

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $261.35

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

Trend strength is active

29.1 / 21.4 / 22.8Bearish
Supertrend (10,3)

Price is above Supertrend

$228.92Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.05 / $270.99Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

Medium volatility

$12.18 (4.63%)Range
Bollinger Bands (20,2)

Width 18.87%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$296.09 / $247.86Range
ATR channel lower / upper

Current Volatility Envelope

$250.74 / $275.1Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is negative

-1.702Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

15.6 / 23.8Bearish
Williams %R (14)

Oversold zone

-84.4Bullish
CCI (20)

Balanced zone

-41.1Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

55.6Bullish
OBV slope

20-period OBV slope

62.63%Bullish
Volume ratio

Relative to 20-period average volume

1.47xBullish

Trend

Dow Theory Structure

Confirmation $301.92, invalidation $261.35

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

Trend strength is active

29.1 / 21.4 / 22.8Bearish
Supertrend (10,3)

Price is above Supertrend

$228.92Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.05 / $270.99Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Momentum is weak

44.9Bearish
MACD (12,26,9)

Histogram is negative

-1.702Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

15.6 / 23.8Bearish
Williams %R (14)

Oversold zone

-84.4Bullish
CCI (20)

Balanced zone

-41.1Range
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Medium volatility

$12.18 (4.63%)Range
Bollinger Bands (20,2)

Width 18.87%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$296.09 / $247.86Range
ATR channel lower / upper

Current Volatility Envelope

$250.74 / $275.1Range

Volume / Money Flow

MFI (14)

Money flow is strong

55.6Bullish
OBV slope

20-period OBV slope

62.63%Bullish
Volume ratio

Relative to 20-period average volume

1.47xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

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