ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ITW - US4523081093 - Common Stock
Overall ITW gets a technical rating of 2 out of 10. In the past year, ITW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ITW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 250.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 249.48, a Stop Loss order could be placed below this zone.
More info and screens
236.85
We found 1 important support area.
- A support zone ranging from 239.24 to 249.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 250.26 to 250.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @256.24 from a horizontal line in the daily time frame.
- Strong resistance @262.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 274.48 to 278.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ITW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITW is up. |
| ChartMill Relative Strength | 27.16 | NEGATIVE | ITW has a low relative strength, it was outperformed by 72.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ITW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ITW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests ITW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.12 | OVERBOUGHT | The high Stochastics value suggests ITW may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for ITW suggests a weak or negative trend. |
249.7
+0.32 (+0.13%)
ILLINOIS TOOL WORKS / ITW FAQ
Can you provide the ChartMill technical rating for ILLINOIS TOOL WORKS?
ChartMill assigns a technical rating of 2 / 10 to ITW.
What is the current trend direction of ILLINOIS TOOL WORKS (ITW) stock?
The current trend direction for ILLINOIS TOOL WORKS (ITW) is Bearish.
What is the RSI signal for ILLINOIS TOOL WORKS (ITW) stock?
ILLINOIS TOOL WORKS (ITW) has an RSI value of 55.0002. This indicates that the stock is currently neutral.
What is the MACD signal for ITW stock?
The MACD indicator for ILLINOIS TOOL WORKS (ITW) has a value of 0.920355, indicating a bearish trend.
What is the short term momentum for ILLINOIS TOOL WORKS (ITW) stock?
The short term momentum for ILLINOIS TOOL WORKS (ITW) is positive.