US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

3 monthsBullish92%
3M Upside probability 92%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 61.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $33.19 (12.19%)

3M

EMA Structure

Range
EMA 8$259.4Bullish
EMA 21$238.03Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 61.5 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $33.19 · BB 42.42%

High volatility

Strength
Bearish
Volume
MFI 60.4 · OBV 5.34%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$115.94 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+23.53% · 1.9 ATR above latest close

$336.34
Nearest resistance

+11.34% · 0.9 ATR above · 29-bar high

$303.16
Current price

Price shown is delayed

$272.28
Nearest support

-57.42% · 4.7 ATR below · 29-bar low

$115.94
Deeper support zone

-69.61% · 5.7 ATR below latest close

$82.75
ATR zone

Latest close ± ATR14

$239.09 - $305.47

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is moderate

21.6 / 19.0 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$172.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.55 / --Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Volatility

ATR (14)

High volatility

$33.19 (12.19%)Bearish
Bollinger Bands (20,2)

Width 42.42%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.69 / $175.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$239.09 / $305.47Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Momentum

RSI (14)

Momentum is strong

61.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

65.1 / 64.4Bullish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Strong expansion

106.5Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.4Bullish
OBV slope

20-period OBV slope

5.34%Bullish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $242.05

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

Trend strength is moderate

21.6 / 19.0 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$172.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.55 / --Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Momentum

RSI (14)

Momentum is strong

61.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

65.1 / 64.4Bullish
Williams %R (14)

Neutral zone

-34.9Range
CCI (20)

Strong expansion

106.5Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$33.19 (12.19%)Bearish
Bollinger Bands (20,2)

Width 42.42%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.69 / $175.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$239.09 / $305.47Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.4Bullish
OBV slope

20-period OBV slope

5.34%Bullish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

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