ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
USA - NYSE:ITW - US4523081093 - Common Stock
Overall ITW gets a technical rating of 0 out of 10. 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.
ITW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 251.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 244.55, a Stop Loss order could be placed below this zone.
More info and screens
236.85
When analyzing the support we notice one important area.
- A support zone ranging from 239.24 to 244.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 251.20 to 254.28. 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 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 | DOWN | NEGATIVE | The short term trend for ITW is down. |
| ChartMill Relative Strength | 24.01 | NEGATIVE | ITW has a low relative strength, it was outperformed by 75.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ITW is below a declining 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) | DOWN | NEGATIVE | The current price of ITW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.95 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests ITW has a positive trend. |
| Stochastics (14,3) | 32.27 | NEUTRAL | The Stochastics value for ITW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for ITW suggests a possible start of a new trend. |
245.43
+0.07 (+0.03%)
ILLINOIS TOOL WORKS / ITW FAQ
Can you provide the ChartMill technical rating for ILLINOIS TOOL WORKS?
ChartMill assigns a technical rating of 0 / 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 43.9487. 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 0.389304, 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 negative.