US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

1 weekBullish88%
Weekly Upside probability 88%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 60.1, MACD 0.602

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $11.98 (4.18%)

Weekly

EMA Structure

Bullish
EMA 8$277.66Bullish
EMA 21$274.29Bullish
EMA 50$269.11Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.1 · MACD 0.602

Momentum is strong

Strength
Bullish
Volatility
ATR $11.98 · BB 12.62%

Medium volatility

Strength
Range
Volume
MFI 52.9 · OBV 47.79%

Relative to 20-period average volume

Strength
Range
Price Levels
$242.05 - $301.92

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+9.47% · 2.3 ATR above latest close

$313.9
Nearest resistance

+5.29% · 1.3 ATR above · 34-bar high

$301.92
Current price

Price shown is delayed

$286.75
Nearest support

-15.59% · 3.7 ATR below · 34-bar low

$242.05
Deeper support zone

-19.77% · 4.7 ATR below latest close

$230.07
ATR zone

Latest close ± ATR14

$274.77 - $298.73

Indicators

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $276.39

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

Trend strength is active

23.0 / 20.2 / 23.2Bearish
Supertrend (10,3)

Price is above Supertrend

$249.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$274.21 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

67%Bullish

Volatility

ATR (14)

Medium volatility

$11.98 (4.18%)Range
Bollinger Bands (20,2)

Width 12.62%

78%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$299.74 / $249.26Range
ATR channel lower / upper

Current Volatility Envelope

$274.77 / $298.73Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$242.05Range

Momentum

RSI (14)

Momentum is strong

60.1Bullish
MACD (12,26,9)

Histogram is positive

0.602Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.8 / 59.9Bullish
Williams %R (14)

Neutral zone

-26.2Range
CCI (20)

Balanced zone

86.9Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.9Range
OBV slope

20-period OBV slope

47.79%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $276.39

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

Trend strength is active

23.0 / 20.2 / 23.2Bearish
Supertrend (10,3)

Price is above Supertrend

$249.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$274.21 / $270.99Bullish
Donchian Channel (20)

20-period breakout channel position

67%Bullish

Momentum

RSI (14)

Momentum is strong

60.1Bullish
MACD (12,26,9)

Histogram is positive

0.602Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

73.8 / 59.9Bullish
Williams %R (14)

Neutral zone

-26.2Range
CCI (20)

Balanced zone

86.9Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$11.98 (4.18%)Range
Bollinger Bands (20,2)

Width 12.62%

78%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$299.74 / $249.26Range
ATR channel lower / upper

Current Volatility Envelope

$274.77 / $298.73Range

Volume / Money Flow

MFI (14)

Money flow is neutral

52.9Range
OBV slope

20-period OBV slope

47.79%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$242.05Range

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