ILT Technical Analysis - ILLINOIS TOOL WORKS

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ILT. ILT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ILT is a bad performer in the overall market: 83% of all stocks are doing better.

Warning: ILT has an average volume of 53 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ILT is part of the Machinery industry. There are 102 other stocks in this industry, ILT did better than 41% of them.

ILT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ILT is lagging the market.

In the last month ILT has a been trading in a tight range between 220.20 and 229.00.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ILLINOIS TOOL WORKS / ILT Weekly stock chart

ILLINOIS TOOL WORKS / ILT Daily stock chart

Setup Rating and Analysis

ILT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

202.36

232.41

We found 3 important support areas.

Support @217.00 from a horizontal line in the daily time frame.
Support @210.70 from a horizontal line in the daily time frame.
Support @204.40 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 221.96 to 225.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 230.11 to 230.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ILT.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ILT.DE is neutral.
ChartMill Relative Strength	17.45	NEGATIVE	ILT.DE has a low relative strength, it was outperformed by 82.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ILT.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ILT.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ILT.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.44	NEUTRAL	The RSI value for ILT.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.38	NEGATIVE	The MACD value suggests ILT.DE has a negative trend.
Stochastics (14,3)	23.8	NEUTRAL	The Stochastics value for ILT.DE is a neutral value.
Average True Range in percent/ATR (20)	0.85	LOW VOLATILITY	The low ATR as a percentage value for ILT.DE suggests low volalility.
Average Directional Index/ADX (14)	6.3	NEGATIVE	The low ADX value for ILT.DE suggests a weak or negative trend.