US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

3 monthsBullish86%
3M Upside probability 86%Bullish

ITW 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $173.53 and reclaim $303.13.

Invalidation Trigger

Lose $173.53 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 58.7, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $34.39 (13.15%)

3M

EMA Structure

Range
EMA 8$253.94Bullish
EMA 21$237.34Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 58.7 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $34.39 · BB 42.63%

High volatility

Strength
Bearish
Volume
MFI 64.9 · OBV 91.62%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$173.53 - $303.13

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+29.03% · 2.2 ATR above latest close

$337.52
Nearest resistance

+15.88% · 1.2 ATR above · 24-bar high

$303.13
Current price

Price shown is delayed

$261.58
Nearest support

-33.66% · 2.6 ATR below · 24-bar low

$173.53
Deeper support zone

-46.81% · 3.6 ATR below latest close

$139.14
ATR zone

Latest close ± ATR14

$227.19 - $295.97

Indicators

Trend

Dow Theory Structure

Confirmation $303.13, invalidation $239.28

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$159.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

68%Range

Volatility

ATR (14)

High volatility

$34.39 (13.15%)Bearish
Bollinger Bands (20,2)

Width 42.63%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.58 / $172.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$227.19 / $295.97Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$173.53Range

Momentum

RSI (14)

Momentum is strong

58.7Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

53.0 / 62.3Bearish
Williams %R (14)

Neutral zone

-47.0Range
CCI (20)

Balanced zone

76.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.9Bullish
OBV slope

20-period OBV slope

91.62%Bullish
Volume ratio

Relative to 20-period average volume

1.29xBullish

Trend

Dow Theory Structure

Confirmation $303.13, invalidation $239.28

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

$159.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

68%Range

Momentum

RSI (14)

Momentum is strong

58.7Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

53.0 / 62.3Bearish
Williams %R (14)

Neutral zone

-47.0Range
CCI (20)

Balanced zone

76.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$34.39 (13.15%)Bearish
Bollinger Bands (20,2)

Width 42.63%

72%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.58 / $172.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$227.19 / $295.97Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.9Bullish
OBV slope

20-period OBV slope

91.62%Bullish
Volume ratio

Relative to 20-period average volume

1.29xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$303.13Range
Support

Nearest Downside Decision Level

$173.53Range

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