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 61.1, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $34.84 (12.63%)

3M

EMA Structure

Range
EMA 8$260.44Bullish
EMA 21$240.22Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 61.1 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $34.84 · BB 42.95%

High volatility

Strength
Bearish
Volume
MFI 59.0 · OBV 15.47%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$115.94 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+22.57% · 1.8 ATR above latest close

$337.99
Nearest resistance

+9.94% · 0.8 ATR above · 30-bar high

$303.16
Current price

Price shown is delayed

$275.75
Nearest support

-57.95% · 4.6 ATR below · 30-bar low

$115.94
Deeper support zone

-70.59% · 5.6 ATR below latest close

$81.1
ATR zone

Latest close ± ATR14

$240.91 - $310.59

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

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

Trend strength is active

22.4 / 23.7 / 15.2Bullish
Supertrend (10,3)

Price is above Supertrend

$164.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Volatility

ATR (14)

High volatility

$34.84 (12.63%)Bearish
Bollinger Bands (20,2)

Width 42.95%

81%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$311.17 / $172.95Bearish
ATR channel lower / upper

Current Volatility Envelope

$240.91 / $310.59Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

69.0 / 60.1Bullish
Williams %R (14)

Neutral zone

-31.0Range
CCI (20)

Balanced zone

96.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.0Bullish
OBV slope

20-period OBV slope

15.47%Bullish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

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

Trend strength is active

22.4 / 23.7 / 15.2Bullish
Supertrend (10,3)

Price is above Supertrend

$164.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

69.0 / 60.1Bullish
Williams %R (14)

Neutral zone

-31.0Range
CCI (20)

Balanced zone

96.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$34.84 (12.63%)Bearish
Bollinger Bands (20,2)

Width 42.95%

81%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$311.17 / $172.95Bearish
ATR channel lower / upper

Current Volatility Envelope

$240.91 / $310.59Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.0Bullish
OBV slope

20-period OBV slope

15.47%Bullish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Related Forecasts