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 $285.82 and stabilize above resistance $298.91.

Invalidation Trigger

Break above $298.91 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 37.9, MACD -0.246

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.04 (0.72%)

4h

EMA Structure

Bearish
EMA 8$283.54Bearish
EMA 21$285.82Bearish
EMA 50$287.07Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.9 · MACD -0.246

Momentum is weak

Strength
Bearish
Volatility
ATR $2.04 · BB 4.40%

Low volatility

Strength
Bullish
Volume
MFI 24.1 · OBV -25.46%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$281.05 - $298.91

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.61% · 9.1 ATR above latest close

$300.95
Nearest resistance

+5.89% · 8.1 ATR above · 34-bar high

$298.91
Current price

Price shown is delayed

$282.29
Nearest support

-0.44% · 0.6 ATR below · 34-bar low

$281.05
Deeper support zone

-1.16% · 1.6 ATR below latest close

$279.01
ATR zone

Latest close ± ATR14

$280.25 - $284.33

Indicators

Trend

Dow Theory Structure

Confirmation $281.05, invalidation $285.37

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

Trend strength is moderate

15.9 / 26.2 / 21.8Bullish
Supertrend (10,3)

Price is above Supertrend

$275.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$286.11 / $290.79Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Low volatility

$2.04 (0.72%)Bullish
Bollinger Bands (20,2)

Width 4.40%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$290.15 / $281.21Bullish
ATR channel lower / upper

Current Volatility Envelope

$280.25 / $284.33Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$298.91Range
Support

Nearest Downside Decision Level

$281.05Range

Momentum

RSI (14)

Momentum is weak

37.9Bearish
MACD (12,26,9)

Histogram is negative

-0.246Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.2 / 15.8Bearish
Williams %R (14)

Oversold zone

-85.8Bullish
CCI (20)

Balanced zone

-98.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-25.46%Bearish
Volume ratio

Relative to 20-period average volume

1.73xBullish

Trend

Dow Theory Structure

Confirmation $281.05, invalidation $285.37

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

Trend strength is moderate

15.9 / 26.2 / 21.8Bullish
Supertrend (10,3)

Price is above Supertrend

$275.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$286.11 / $290.79Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

37.9Bearish
MACD (12,26,9)

Histogram is negative

-0.246Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.2 / 15.8Bearish
Williams %R (14)

Oversold zone

-85.8Bullish
CCI (20)

Balanced zone

-98.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$2.04 (0.72%)Bullish
Bollinger Bands (20,2)

Width 4.40%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$290.15 / $281.21Bullish
ATR channel lower / upper

Current Volatility Envelope

$280.25 / $284.33Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-25.46%Bearish
Volume ratio

Relative to 20-period average volume

1.73xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$298.91Range
Support

Nearest Downside Decision Level

$281.05Range

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