US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

4 hoursBullish65%
4h Upside probability 65%Bullish

ITW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $271.2 and reclaim $301.92.

Invalidation Trigger

Lose $271.2 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 56.7, MACD -0.655

4h
Volatility EnvironmentBullish
Low volatility

ATR is $4.03 (1.4%)

4h

EMA Structure

Bullish
EMA 8$287.22Bullish
EMA 21$286.06Bullish
EMA 50$281.47Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.7 · MACD -0.655

Momentum is strong

Strength
Bullish
Volatility
ATR $4.03 · BB 6.34%

Low volatility

Strength
Bullish
Volume
MFI 46.1 · OBV -25.12%

Relative to 20-period average volume

Strength
Range
Price Levels
$271.2 - $301.92

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.05% · 4.3 ATR above latest close

$305.95
Nearest resistance

+4.66% · 3.3 ATR above · 34-bar high

$301.92
Current price

Price shown is delayed

$288.49
Nearest support

-5.99% · 4.3 ATR below · 34-bar low

$271.2
Deeper support zone

-7.39% · 5.3 ATR below latest close

$267.17
ATR zone

Latest close ± ATR14

$284.46 - $292.52

Indicators

Trend

Dow Theory Structure

Confirmation $281.87, invalidation $291.75

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

Trend strength is active

33.8 / 14.4 / 31.8Bearish
Supertrend (10,3)

Price is above Supertrend

$278.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$287.83 / $285.58Bullish
Donchian Channel (20)

20-period breakout channel position

33%Range

Volatility

ATR (14)

Low volatility

$4.03 (1.4%)Bullish
Bollinger Bands (20,2)

Width 6.34%

52%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$293.1 / $279.31Bullish
ATR channel lower / upper

Current Volatility Envelope

$284.46 / $292.52Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$271.2Range

Momentum

RSI (14)

Momentum is strong

56.7Bullish
MACD (12,26,9)

Histogram is negative

-0.655Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.5 / 28.7Bullish
Williams %R (14)

Neutral zone

-63.5Range
CCI (20)

Balanced zone

2.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.1Range
OBV slope

20-period OBV slope

-25.12%Bearish
Volume ratio

Relative to 20-period average volume

0.88xBearish

Trend

Dow Theory Structure

Confirmation $281.87, invalidation $291.75

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

Trend strength is active

33.8 / 14.4 / 31.8Bearish
Supertrend (10,3)

Price is above Supertrend

$278.15Bullish
Ichimoku Cloud

Cloud Span A / Span B

$287.83 / $285.58Bullish
Donchian Channel (20)

20-period breakout channel position

33%Range

Momentum

RSI (14)

Momentum is strong

56.7Bullish
MACD (12,26,9)

Histogram is negative

-0.655Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

36.5 / 28.7Bullish
Williams %R (14)

Neutral zone

-63.5Range
CCI (20)

Balanced zone

2.1Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$4.03 (1.4%)Bullish
Bollinger Bands (20,2)

Width 6.34%

52%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$293.1 / $279.31Bullish
ATR channel lower / upper

Current Volatility Envelope

$284.46 / $292.52Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.1Range
OBV slope

20-period OBV slope

-25.12%Bearish
Volume ratio

Relative to 20-period average volume

0.88xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$301.92Range
Support

Nearest Downside Decision Level

$271.2Range

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