US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

3 monthsBullish88%
3M Upside probability 88%Bullish

ITW 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $115.94 and reclaim $303.16.

Invalidation Trigger

Lose $115.94 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 64.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $35.11 (12.07%)

3M

EMA Structure

Range
EMA 8$263.55Bullish
EMA 21$239.73Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 64.5 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $35.11 · BB 44.50%

High volatility

Strength
Bearish
Volume
MFI 61.4 · OBV 10.72%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$115.94 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+16.26% · 1.3 ATR above latest close

$338.27
Nearest resistance

+4.19% · 0.3 ATR above · 29-bar high

$303.16
Current price

Price shown is delayed

$290.97
Nearest support

-60.15% · 5.0 ATR below · 29-bar low

$115.94
Deeper support zone

-72.22% · 6.0 ATR below latest close

$80.83
ATR zone

Latest close ± ATR14

$255.86 - $326.08

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.6 / 23.5 / 14.9Bullish
Supertrend (10,3)

Price is above Supertrend

$177.53Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.55 / --Bullish
Donchian Channel (20)

20-period breakout channel position

91%Bullish

Volatility

ATR (14)

High volatility

$35.11 (12.07%)Bearish
Bollinger Bands (20,2)

Width 44.50%

94%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$311.86 / $171.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$255.86 / $326.08Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Momentum

RSI (14)

Momentum is strong

64.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

86.2 / 71.5Bullish
Williams %R (14)

Overbought zone

-13.8Bearish
CCI (20)

Strong expansion

155.2Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.4Bullish
OBV slope

20-period OBV slope

10.72%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is active

22.6 / 23.5 / 14.9Bullish
Supertrend (10,3)

Price is above Supertrend

$177.53Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.55 / --Bullish
Donchian Channel (20)

20-period breakout channel position

91%Bullish

Momentum

RSI (14)

Momentum is strong

64.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

86.2 / 71.5Bullish
Williams %R (14)

Overbought zone

-13.8Bearish
CCI (20)

Strong expansion

155.2Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$35.11 (12.07%)Bearish
Bollinger Bands (20,2)

Width 44.50%

94%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$311.86 / $171.59Bearish
ATR channel lower / upper

Current Volatility Envelope

$255.86 / $326.08Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.4Bullish
OBV slope

20-period OBV slope

10.72%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

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