US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

3 monthsBullish80%
3M Upside probability 80%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 58.9, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $33.74 (12.83%)

3M

EMA Structure

Range
EMA 8$257.59Bullish
EMA 21$239.05Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 58.9 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $33.74 · BB 41.98%

High volatility

Strength
Bearish
Volume
MFI 60.2 · OBV 10.00%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$115.94 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+28.13% · 2.2 ATR above latest close

$336.89
Nearest resistance

+15.3% · 1.2 ATR above · 30-bar high

$303.16
Current price

Price shown is delayed

$262.92
Nearest support

-55.9% · 4.4 ATR below · 30-bar low

$115.94
Deeper support zone

-68.73% · 5.4 ATR below latest close

$82.2
ATR zone

Latest close ± ATR14

$229.18 - $296.66

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.4 / 24.4 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$161.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Volatility

ATR (14)

High volatility

$33.74 (12.83%)Bearish
Bollinger Bands (20,2)

Width 41.98%

70%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$306.86 / $174.82Bearish
ATR channel lower / upper

Current Volatility Envelope

$229.18 / $296.66Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

54.5 / 55.3Bearish
Williams %R (14)

Neutral zone

-45.5Range
CCI (20)

Balanced zone

64.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.2Bullish
OBV slope

20-period OBV slope

10.00%Bullish
Volume ratio

Relative to 20-period average volume

0.05xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

22.4 / 24.4 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$161.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

54.5 / 55.3Bearish
Williams %R (14)

Neutral zone

-45.5Range
CCI (20)

Balanced zone

64.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$33.74 (12.83%)Bearish
Bollinger Bands (20,2)

Width 41.98%

70%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$306.86 / $174.82Bearish
ATR channel lower / upper

Current Volatility Envelope

$229.18 / $296.66Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.2Bullish
OBV slope

20-period OBV slope

10.00%Bullish
Volume ratio

Relative to 20-period average volume

0.05xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

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