US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBullish66%
Weekly Upside probability 66%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 $301.92.

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 53.4, MACD -1.116

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $12.06 (4.37%)

Weekly

EMA Structure

Bullish
EMA 8$271.9Bullish
EMA 21$271.62Bullish
EMA 50$267.44Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.4 · MACD -1.116

Neutral zone

Strength
Bullish
Volatility
ATR $12.06 · BB 14.19%

Medium volatility

Strength
Range
Volume
MFI 55.1 · OBV 79.52%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$242.05 - $301.92

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+13.86% · 3.2 ATR above latest close

$313.98
Nearest resistance

+9.49% · 2.2 ATR above · 34-bar high

$301.92
Current price

Price shown is delayed

$275.75
Nearest support

-12.22% · 2.8 ATR below · 34-bar low

$242.05
Deeper support zone

-16.59% · 3.8 ATR below latest close

$229.99
ATR zone

Latest close ± ATR14

$263.69 - $287.81

Indicators

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $276.39

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

Trend strength is active

29.0 / 21.0 / 23.0Bearish
Supertrend (10,3)

Price is above Supertrend

$240.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$271.48 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Volatility

ATR (14)

Medium volatility

$12.06 (4.37%)Range
Bollinger Bands (20,2)

Width 14.19%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$293.74 / $249.76Range
ATR channel lower / upper

Current Volatility Envelope

$263.69 / $287.81Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Neutral zone

53.4Range
MACD (12,26,9)

Histogram is negative

-1.116Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.4 / 32.5Bullish
Williams %R (14)

Neutral zone

-56.6Range
CCI (20)

Balanced zone

5.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.1Bullish
OBV slope

20-period OBV slope

79.52%Bullish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $276.39

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

Trend strength is active

29.0 / 21.0 / 23.0Bearish
Supertrend (10,3)

Price is above Supertrend

$240.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$271.48 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

49%Range

Momentum

RSI (14)

Neutral zone

53.4Range
MACD (12,26,9)

Histogram is negative

-1.116Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

43.4 / 32.5Bullish
Williams %R (14)

Neutral zone

-56.6Range
CCI (20)

Balanced zone

5.0Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$12.06 (4.37%)Range
Bollinger Bands (20,2)

Width 14.19%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$293.74 / $249.76Range
ATR channel lower / upper

Current Volatility Envelope

$263.69 / $287.81Range

Volume / Money Flow

MFI (14)

Money flow is strong

55.1Bullish
OBV slope

20-period OBV slope

79.52%Bullish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$242.05Range

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