ILLINOIS TOOL WORKS (ITW) Technical Analysis
NYSE:ITW • US4523081093
Current stock price
ITW Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ITW. ITW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month ITW has a been trading in the 256.13 - 298.35 range, which is quite wide. It is currently trading near the lows of this range.
- ITW has an average volume of 1477990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, ITW outperforms 56% of them, which is more or less in line with the market.
- ITW is an average performer in the Machinery industry, it outperforms 51% of 131 stocks in the same industry.
- 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.
ITW Weekly and Daily overview Charts
ITW Setup Rating and Analysis
The technical rating of ITW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ITW Support and Resistance Analysis
238.21
2 important support areas can be observed.
- Support @256.15 from a trend line in the weekly 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 257.69 to 257.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @291.18 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ITW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ITW is down. |
| ChartMill Relative Strength | 56.62 | NEUTRAL | ITW is not amongst the best or worst performers 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) | UP | MIXED | The current price of ITW is below the rising 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) | 26.15 | OVERSOLD | The low RSI value suggests ITW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.98 | NEGATIVE | The MACD value suggests ITW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.44 | OVERSOLD | The low Stochastics value suggests ITW may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ITW suggests some volalility. |
| Average Directional Index/ADX (14) | 40.69 | POSITIVE | The high ADX value value for ITW suggests a strong trend. |
ITW Chart- and CandleStick Pattern Analysis
ITW Technicals: Chart, Performance Metrics, Trend & Indicators
257.68
-2.94 (-1.13%)
ILLINOIS TOOL WORKS / ITW TA FAQ
What is the ChartMill technical rating of ILLINOIS TOOL WORKS (ITW) stock?
ChartMill assigns a technical rating of 2 / 10 to ITW.
Can you provide the trend direction for ILLINOIS TOOL WORKS?
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 26.1472. This indicates that the stock is currently oversold.
Can you provide the support and resistance levels for ILLINOIS TOOL WORKS?
ILLINOIS TOOL WORKS (ITW) has a support level at 256.15 and a resistance level at 257.69. Check the full technical report for our detailed analysis of ITW support and resistance levels.