US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

4 hoursBullish81%
4h Upside probability 81%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 $263.44 and reclaim $275.98.

Invalidation Trigger

Lose $263.44 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 57.7, MACD 0.348

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.05 (0.75%)

4h

EMA Structure

Bullish
EMA 8$271.27Bullish
EMA 21$270.17Bullish
EMA 50$268.06Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.7 · MACD 0.348

Momentum is strong

Strength
Bullish
Volatility
ATR $2.05 · BB 4.33%

Low volatility

Strength
Bullish
Volume
MFI 52.6 · OBV -42.56%

Relative to 20-period average volume

Strength
Range
Price Levels
$263.44 - $275.98

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.11% · 2.8 ATR above latest close

$278.03
Nearest resistance

+1.36% · 1.8 ATR above · 34-bar high

$275.98
Current price

Price shown is delayed

$272.28
Nearest support

-3.25% · 4.3 ATR below · 34-bar low

$263.44
Deeper support zone

-4% · 5.3 ATR below latest close

$261.39
ATR zone

Latest close ± ATR14

$270.23 - $274.33

Indicators

Trend

Dow Theory Structure

Confirmation $274.8, invalidation $264.15

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

Trend strength is active

37.1 / 61.1 / 3.5Bullish
Supertrend (10,3)

Price is above Supertrend

$265.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$270.94 / $268.62Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Volatility

ATR (14)

Low volatility

$2.05 (0.75%)Bullish
Bollinger Bands (20,2)

Width 4.33%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.71 / $265.75Bullish
ATR channel lower / upper

Current Volatility Envelope

$270.23 / $274.33Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$275.98Range
Support

Nearest Downside Decision Level

$263.44Range

Momentum

RSI (14)

Momentum is strong

57.7Bullish
MACD (12,26,9)

Histogram is positive

0.348Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.3 / 77.5Bearish
Williams %R (14)

Neutral zone

-23.7Range
CCI (20)

Balanced zone

69.4Range
TD Sequential

Exhaustion setup is near completion

sell 10Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

-42.56%Bearish
Volume ratio

Relative to 20-period average volume

1.23xBullish

Trend

Dow Theory Structure

Confirmation $274.8, invalidation $264.15

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

Trend strength is active

37.1 / 61.1 / 3.5Bullish
Supertrend (10,3)

Price is above Supertrend

$265.57Bullish
Ichimoku Cloud

Cloud Span A / Span B

$270.94 / $268.62Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Momentum

RSI (14)

Momentum is strong

57.7Bullish
MACD (12,26,9)

Histogram is positive

0.348Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.3 / 77.5Bearish
Williams %R (14)

Neutral zone

-23.7Range
CCI (20)

Balanced zone

69.4Range
TD Sequential

Exhaustion setup is near completion

sell 10Bearish

Volatility

ATR (14)

Low volatility

$2.05 (0.75%)Bullish
Bollinger Bands (20,2)

Width 4.33%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$274.71 / $265.75Bullish
ATR channel lower / upper

Current Volatility Envelope

$270.23 / $274.33Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.6Range
OBV slope

20-period OBV slope

-42.56%Bearish
Volume ratio

Relative to 20-period average volume

1.23xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$275.98Range
Support

Nearest Downside Decision Level

$263.44Range

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