ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ITW - US4523081093 - Common Stock
Taking everything into account, ITW scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ITW was also a bad performer in the overall market in the last year.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 248.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
236.85
We found 1 important support area.
- A support zone ranging from 239.24 to 248.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 250.37 to 256.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @262.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 277.52 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 | 30.69 | 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) | UP | POSITIVE | The current price of ITW is above the rising 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) | 49.95 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ITW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.04 | NEUTRAL | The Stochastics value for ITW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for ITW suggests a weak or negative trend. |
250.14
-1.04 (-0.41%)
ILLINOIS TOOL WORKS / ITW FAQ
Can you provide the ChartMill technical rating for ILLINOIS TOOL WORKS?
ChartMill assigns a technical rating of 3 / 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 49.9519. 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 0.0409088, 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 neutral.