US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

ITW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $264.93 and stabilize above resistance $276.39.

Invalidation Trigger

Break above $276.39 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 42.2, MACD -0.201

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.43 (0.92%)

4h

EMA Structure

Bearish
EMA 8$262.48Bullish
EMA 21$264.93Bearish
EMA 50$267.78Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.2 · MACD -0.201

Momentum is weak

Strength
Bearish
Volatility
ATR $2.43 · BB 8.84%

Low volatility

Strength
Bullish
Volume
MFI 37.0 · OBV -1223.59%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$255.69 - $276.39

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.05% · 6.5 ATR above latest close

$278.82
Nearest resistance

+5.12% · 5.5 ATR above · 34-bar high

$276.39
Current price

Price shown is delayed

$262.92
Nearest support

-2.75% · 3.0 ATR below · 34-bar low

$255.69
Deeper support zone

-3.67% · 4.0 ATR below latest close

$253.26
ATR zone

Latest close ± ATR14

$260.49 - $265.35

Indicators

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $264.04

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

52.3 / 18.7 / 62.5Bearish
Supertrend (10,3)

Price is above Supertrend

$255.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.95 / $266.04Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

Low volatility

$2.43 (0.92%)Bullish
Bollinger Bands (20,2)

Width 8.84%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$269.5 / $260.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$260.49 / $265.35Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$276.39Range
Support

Nearest Downside Decision Level

$255.69Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.201Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.6 / 39.6Bearish
Williams %R (14)

Neutral zone

-61.4Range
CCI (20)

Balanced zone

-43.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

37.0Bearish
OBV slope

20-period OBV slope

-1223.59%Bearish
Volume ratio

Relative to 20-period average volume

1.90xBullish

Trend

Dow Theory Structure

Confirmation $255.69, invalidation $264.04

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

52.3 / 18.7 / 62.5Bearish
Supertrend (10,3)

Price is above Supertrend

$255.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.95 / $266.04Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.201Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

38.6 / 39.6Bearish
Williams %R (14)

Neutral zone

-61.4Range
CCI (20)

Balanced zone

-43.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$2.43 (0.92%)Bullish
Bollinger Bands (20,2)

Width 8.84%

36%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$269.5 / $260.04Bullish
ATR channel lower / upper

Current Volatility Envelope

$260.49 / $265.35Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.0Bearish
OBV slope

20-period OBV slope

-1223.59%Bearish
Volume ratio

Relative to 20-period average volume

1.90xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$276.39Range
Support

Nearest Downside Decision Level

$255.69Range

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