US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

4 hoursBullish83%
4h Upside probability 83%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 $262.53 and reclaim $279.42.

Invalidation Trigger

Lose $262.53 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 57.2, MACD -0.055

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.54 (0.92%)

4h

EMA Structure

Bullish
EMA 8$276.36Bearish
EMA 21$274.16Bullish
EMA 50$271.12Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.2 · MACD -0.055

Momentum is strong

Strength
Range
Volatility
ATR $2.54 · BB 3.82%

Low volatility

Strength
Bullish
Volume
MFI 68.8 · OBV 14.31%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$262.53 - $279.42

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.25% · 2.4 ATR above latest close

$281.96
Nearest resistance

+1.33% · 1.4 ATR above · 34-bar high

$279.42
Current price

Price shown is delayed

$275.75
Nearest support

-4.79% · 5.2 ATR below · 34-bar low

$262.53
Deeper support zone

-5.71% · 6.2 ATR below latest close

$259.99
ATR zone

Latest close ± ATR14

$273.21 - $278.29

Indicators

Trend

Dow Theory Structure

Confirmation $279.42, invalidation $273.57

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

Trend strength is active

31.7 / 24.2 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$268.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$273.67 / $269.32Bullish
Donchian Channel (20)

20-period breakout channel position

63%Bullish

Volatility

ATR (14)

Low volatility

$2.54 (0.92%)Bullish
Bollinger Bands (20,2)

Width 3.82%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$279.52 / $269.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$273.21 / $278.29Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.42Range
Support

Nearest Downside Decision Level

$262.53Range

Momentum

RSI (14)

Momentum is strong

57.2Bullish
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.4 / 68.4Bearish
Williams %R (14)

Neutral zone

-37.6Range
CCI (20)

Balanced zone

46.6Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

68.8Bullish
OBV slope

20-period OBV slope

14.31%Bullish
Volume ratio

Relative to 20-period average volume

1.21xBullish

Trend

Dow Theory Structure

Confirmation $279.42, invalidation $273.57

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

Trend strength is active

31.7 / 24.2 / 29.9Bearish
Supertrend (10,3)

Price is above Supertrend

$268.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$273.67 / $269.32Bullish
Donchian Channel (20)

20-period breakout channel position

63%Bullish

Momentum

RSI (14)

Momentum is strong

57.2Bullish
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.4 / 68.4Bearish
Williams %R (14)

Neutral zone

-37.6Range
CCI (20)

Balanced zone

46.6Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$2.54 (0.92%)Bullish
Bollinger Bands (20,2)

Width 3.82%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$279.52 / $269.13Bullish
ATR channel lower / upper

Current Volatility Envelope

$273.21 / $278.29Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

68.8Bullish
OBV slope

20-period OBV slope

14.31%Bullish
Volume ratio

Relative to 20-period average volume

1.21xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.42Range
Support

Nearest Downside Decision Level

$262.53Range

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