US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

3 monthsBullish85%
3M Upside probability 85%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 62.8, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $36.08 (12.58%)

3M

EMA Structure

Range
EMA 8$262.88Bullish
EMA 21$241.22Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 62.8 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $36.08 · BB 44.13%

High volatility

Strength
Bearish
Volume
MFI 62.0 · OBV 20.65%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$115.94 - $303.16

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+18.3% · 1.5 ATR above latest close

$339.23
Nearest resistance

+5.72% · 0.5 ATR above · 30-bar high

$303.16
Current price

Price shown is delayed

$286.75
Nearest support

-59.57% · 4.7 ATR below · 30-bar low

$115.94
Deeper support zone

-72.15% · 5.7 ATR below latest close

$79.86
ATR zone

Latest close ± ATR14

$250.67 - $322.83

Indicators

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

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

Trend strength is active

22.4 / 22.9 / 14.7Bullish
Supertrend (10,3)

Price is above Supertrend

$167.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

87%Bullish

Volatility

ATR (14)

High volatility

$36.08 (12.58%)Bearish
Bollinger Bands (20,2)

Width 44.13%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$315.68 / $170.53Bearish
ATR channel lower / upper

Current Volatility Envelope

$250.67 / $322.83Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

Momentum

RSI (14)

Momentum is strong

62.8Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

81.5 / 64.2Bullish
Williams %R (14)

Overbought zone

-18.5Bearish
CCI (20)

Strong expansion

126.2Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.0Bullish
OBV slope

20-period OBV slope

20.65%Bullish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Trend

Dow Theory Structure

Confirmation $303.16, invalidation $214.66

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

Trend strength is active

22.4 / 22.9 / 14.7Bullish
Supertrend (10,3)

Price is above Supertrend

$167.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$248.28 / --Bullish
Donchian Channel (20)

20-period breakout channel position

87%Bullish

Momentum

RSI (14)

Momentum is strong

62.8Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

81.5 / 64.2Bullish
Williams %R (14)

Overbought zone

-18.5Bearish
CCI (20)

Strong expansion

126.2Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$36.08 (12.58%)Bearish
Bollinger Bands (20,2)

Width 44.13%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$315.68 / $170.53Bearish
ATR channel lower / upper

Current Volatility Envelope

$250.67 / $322.83Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.0Bullish
OBV slope

20-period OBV slope

20.65%Bullish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.16Range
Support

Nearest Downside Decision Level

$115.94Range

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