US stock / ETF

Illinois Tool Works Inc.

ITW · NYSE · USD

4 hoursBullish78%
4h Upside probability 78%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 $242.12 and reclaim $269.5.

Invalidation Trigger

Lose $242.12 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 56.2, MACD -0.281

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.72 (1.41%)

4h

EMA Structure

Bullish
EMA 8$263.99Bearish
EMA 21$261.39Bullish
EMA 50$258.05Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.2 · MACD -0.281

Momentum is strong

Strength
Range
Volatility
ATR $3.72 · BB 8.28%

Low volatility

Strength
Bullish
Volume
MFI 49.2 · OBV -15.16%

Relative to 20-period average volume

Strength
Range
Price Levels
$242.12 - $269.5

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.53% · 2.5 ATR above latest close

$273.22
Nearest resistance

+2.13% · 1.5 ATR above · 34-bar high

$269.5
Current price

Price shown is delayed

$263.89
Nearest support

-8.25% · 5.9 ATR below · 34-bar low

$242.12
Deeper support zone

-9.66% · 6.9 ATR below latest close

$238.4
ATR zone

Latest close ± ATR14

$260.17 - $267.61

Indicators

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $261.57

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

Trend strength is active

37.2 / 28.2 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$251.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.55 / $255.81Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Volatility

ATR (14)

Low volatility

$3.72 (1.41%)Bullish
Bollinger Bands (20,2)

Width 8.28%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$269.53 / $253.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$260.17 / $267.61Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is negative

-0.281Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.0 / 51.5Bearish
Williams %R (14)

Neutral zone

-63.0Range
CCI (20)

Balanced zone

34.3Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.2Range
OBV slope

20-period OBV slope

-15.16%Bearish
Volume ratio

Relative to 20-period average volume

1.78xBullish

Trend

Dow Theory Structure

Confirmation $269.5, invalidation $261.57

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

Trend strength is active

37.2 / 28.2 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$251.71Bullish
Ichimoku Cloud

Cloud Span A / Span B

$262.55 / $255.81Bullish
Donchian Channel (20)

20-period breakout channel position

71%Bullish

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is negative

-0.281Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.0 / 51.5Bearish
Williams %R (14)

Neutral zone

-63.0Range
CCI (20)

Balanced zone

34.3Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$3.72 (1.41%)Bullish
Bollinger Bands (20,2)

Width 8.28%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$269.53 / $253.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$260.17 / $267.61Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.2Range
OBV slope

20-period OBV slope

-15.16%Bearish
Volume ratio

Relative to 20-period average volume

1.78xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$269.5Range
Support

Nearest Downside Decision Level

$242.12Range

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