ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
NYSE:ITW - New York Stock Exchange, Inc. - US4523081093 - Common Stock - Currency: USD
Taking everything into account, ITW scores 2 out of 10 in our technical rating. ITW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ITW is a bad performer in the overall market: 61% of all stocks are doing better.
In the last month ITW has a been trading in the 236.68 - 252.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ITW has an average volume of 1255640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ITW is part of the Machinery industry. There are 128 other stocks in this industry, ITW did better than 58% of them.
ITW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ITW is lagging the market slightly.
Although the technical rating is bad, ITW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 244.77, a Stop Loss order could be placed below this zone.
More info and screens
221.03
281.30
We found 2 important support areas.
- A support zone ranging from 241.88 to 244.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 223.26 to 225.56. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 245.35 to 248.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 253.18 to 256.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 275.47 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 | NEUTRAL | NEUTRAL | The long term trend for ITW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITW is neutral. |
| ChartMill Relative Strength | 39.48 | NEUTRAL | ITW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ITW is below 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) | UP | MIXED | The current price of ITW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.06 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ITW has a negative trend. |
| Stochastics (14,3) | 33.59 | NEUTRAL | The Stochastics value for ITW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 10 | NEGATIVE | The low ADX value for ITW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
245.08
-0.65 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.26%
1 Week0.15%
2 Weeks-1.17%
1 Month2.44%
3 Month-7.16%
6 Month-11.69%
12 Month0.96%
2 Year12.05%
3 Year17.79%
5 Year42.11%
10 Year161.2%
15 Year427.85%
Volatility
ATR(14)4.39
ATR(20)%1.74%
ATR Inc-39.66%
Range Today2.83
ADR(20)3.5
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.48
Mansfield-0.58
10 Day High252.47
10 Day Low240.9
20 Day High252.75
20 Day Low236.68
52 Week High279.13
52 Week Low214.66
CS1 End244.77
CR1 Start245.35
Volume & EV
DER(3)0.86%
DER(5)1.38%
Volume2.39M
Volume Incr-16.3%
Vol(5)1.06M
Vol(50)1.26M