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 6 out of 10 in our technical rating. ITW has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
ITW is one of the lesser performing stocks in the Machinery industry. 60% of 128 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ITW has a been trading in the 239.56 - 257.63 range, which is quite wide. It is currently trading near the high of this range.
ITW has an average volume of 1072030 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 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 has an average technical rating and it also does not offer a high 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
221.03
281.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 254.08 to 256.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 244.17 to 247.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @239.24 from a horizontal line 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.
We can see 2 important resistance areas.
- Resistance @263.97 from a horizontal line 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 | UP | POSITIVE | The short term trend for ITW is up. |
| ChartMill Relative Strength | 55.33 | 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) | UP | POSITIVE | The current price of ITW is above the rising 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) | 67.45 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.21 | POSITIVE | The MACD value suggests ITW has a positive trend. |
| Stochastics (14,3) | 84.73 | OVERBOUGHT | The high Stochastics value suggests ITW may be overbought. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 12.84 | 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)
258.5
+2.05 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.8%
1 Week4.38%
2 Weeks6.33%
1 Month4.56%
3 Month13.69%
6 Month1.65%
12 Month10%
2 Year-2.61%
3 Year23.44%
5 Year38.63%
10 Year186.63%
15 Year489.54%
Volatility
ATR(14)4
ATR(20)%1.46%
ATR Inc136.86%
Range Today3.05
ADR(20)3.59
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.33
Mansfield-0.58
10 Day High257.63
10 Day Low239.56
20 Day High257.63
20 Day Low239.56
52 Week High279.13
52 Week Low214.66
CS1 End245.08
CR1 Start254.08
Volume & EV
DER(3)2.75%
DER(5)1.45%
Volume758.30K
Volume Incr14.78%
Vol(5)1.04M
Vol(50)1.07M