US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBullish73%
Weekly Upside probability 73%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 56.5, MACD 1.322

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $11 (4.04%)

Weekly

EMA Structure

Bullish
EMA 8$265.86Bullish
EMA 21$263.49Bullish
EMA 50$261.03Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.5 · MACD 1.322

Momentum is strong

Strength
Bullish
Volatility
ATR $11 · BB 13.43%

Medium volatility

Strength
Range
Volume
MFI 47.8 · OBV 9.47%

Relative to 20-period average volume

Strength
Range
Price Levels
$242.05 - $303.16

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+15.38% · 3.8 ATR above latest close

$314.16
Nearest resistance

+11.34% · 2.8 ATR above · 34-bar high

$303.16
Current price

Price shown is delayed

$272.28
Nearest support

-11.1% · 2.7 ATR below · 34-bar low

$242.05
Deeper support zone

-15.14% · 3.7 ATR below latest close

$231.05
ATR zone

Latest close ± ATR14

$261.28 - $283.28

Indicators

Trend

Dow Theory Structure

Confirmation $242.05, invalidation $274.78

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

Trend strength is active

27.9 / 15.3 / 19.6Bearish
Supertrend (10,3)

Price is above Supertrend

$244.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.55 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

61%Range

Volatility

ATR (14)

Medium volatility

$11 (4.04%)Range
Bollinger Bands (20,2)

Width 13.43%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$282.77 / $244.37Range
ATR channel lower / upper

Current Volatility Envelope

$261.28 / $283.28Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

1.322Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.9 / 89.0Bullish
Williams %R (14)

Overbought zone

-8.1Bearish
CCI (20)

Balanced zone

89.2Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.8Range
OBV slope

20-period OBV slope

9.47%Bullish
Volume ratio

Relative to 20-period average volume

0.09xBearish

Trend

Dow Theory Structure

Confirmation $242.05, invalidation $274.78

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

Trend strength is active

27.9 / 15.3 / 19.6Bearish
Supertrend (10,3)

Price is above Supertrend

$244.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$265.55 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

61%Range

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

1.322Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.9 / 89.0Bullish
Williams %R (14)

Overbought zone

-8.1Bearish
CCI (20)

Balanced zone

89.2Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

Medium volatility

$11 (4.04%)Range
Bollinger Bands (20,2)

Width 13.43%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$282.77 / $244.37Range
ATR channel lower / upper

Current Volatility Envelope

$261.28 / $283.28Range

Volume / Money Flow

MFI (14)

Money flow is neutral

47.8Range
OBV slope

20-period OBV slope

9.47%Bullish
Volume ratio

Relative to 20-period average volume

0.09xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$242.05Range

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