ILLINOIS TOOL WORKS (ITW) Technical Analysis
NYSE:ITW • US4523081093
Current stock price
ITW Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ITW. Although ITW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month ITW has a been trading in the 254.41 - 274.78 range, which is quite wide. It is currently trading near the high of this range.
- ITW has an average volume of 1318400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ITW outperforms 55% of them, which is more or less in line with the market.
- ITW is part of the Machinery industry. There are 131 other stocks in this industry, ITW did better than 53% of them.
- ITW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ITW is lagging the market.
ITW Weekly and Daily overview Charts
ITW Setup Rating and Analysis
ITW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 270.65, a Stop Loss order could be placed below this zone.
More info and screens
ITW Support and Resistance Analysis
238.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 265.53 to 270.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 254.64 to 260.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @250.14 from a horizontal line in the daily time frame.
- A support zone ranging from 240.62 to 244.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 299.61 to 299.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
ITW 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 | UP | POSITIVE | The long term trend for ITW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITW is up. |
| ChartMill Relative Strength | 55.8 | NEUTRAL | ITW is not amongst the best or worst performers 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 | NEGATIVE | The current price of ITW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.99 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.35 | POSITIVE | The MACD value suggests ITW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.01 | OVERBOUGHT | The high Stochastics value suggests ITW may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ITW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.1 | POSITIVE | The high ADX value value for ITW suggests a strong trend. |
ITW Chart- and CandleStick Pattern Analysis
ITW Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 274.79 | 265.52 | 9.27 (3.37%) | 25.00% |
| An entry @274.79. This is a Buy Stop order right above the 10 day high. | An exit @265.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.27 points, which is 3.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
ITW Technicals: Chart, Performance Metrics, Trend & Indicators
271.05
-1.63 (-0.6%)
ILLINOIS TOOL WORKS / ITW TA FAQ
What is the ChartMill technical rating of ILLINOIS TOOL WORKS (ITW) stock?
ChartMill assigns a technical rating of 6 / 10 to ITW.
Can you provide the trend direction for ILLINOIS TOOL WORKS?
The current trend direction for ILLINOIS TOOL WORKS (ITW) is Bullish.
Can you provide the RSI signal for ILLINOIS TOOL WORKS?
ILLINOIS TOOL WORKS (ITW) has an RSI value of 52.9922. This indicates that the stock is currently neutral.
What is the short term momentum for ILLINOIS TOOL WORKS (ITW) stock?
The short term momentum for ILLINOIS TOOL WORKS (ITW) is positive.
What is the buy/sell signal for ITW stock?
The buy/sell signal for ILLINOIS TOOL WORKS (ITW) is buy as both the short term and long term trends are positive.