ILLINOIS TOOL WORKS (ITW) 226 -2.97 (-1.3%)
226 -2.97 (-1.3%)
US4523081093 - Common Stock
Technical Rating
Overall ITW gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ITW is only an average performer.
Statistics
Support/Resistance Analysis
176.47
- A support zone ranging from 178.25 to 178.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 226.00 to 228.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Setup Analysis
Setup Rating
ITW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 228.96, a Stop Loss order could be placed below this zone.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 230.77 | 225.99 | 4.78 (2.07%) | 25.00% |
| An entry @230.77. This is a Buy Stop order right above the 10 day high. | An exit @225.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.78 points, which is 2.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of ITW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ILLINOIS TOOL WORKS226
NYSE:ITW (11/28/2022, 11:30:57 AM)-2.97 (-1.3%)
| GICS Sector | Industrials | ||
| GICS Industry | Machinery | ||
| Today | -1.3% | 1 Week | 1.11% |
| 2 Weeks | 2.1% | 1 Month | 10.69% |
| 3 Month | 14.79% | 6 Month | 10.75% |
| ATR(14) | 4.36 | ATR(20)% | 2.1% |
| ATR Inc | -57.15% | Range Today | 3.04 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 86.53 | Mansfield | 1.25 |
| 10 Day High | 230.76 | 10 Day Low | 221.23 |
| 20 Day High | 230.76 | 20 Day Low | 206.04 |
| 52 Week High | 249.81 | 52 Week Low | 173.52 |
| CS1 End | 228.96 | CR1 Start | N/A |
| DER(3) | -0.37% | DER(5) | 0.11% |
| Volume | 331.00K | Volume Incr | -37.01% |
| Vol(5) | 799.10K | Vol(50) | 1.16M |
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