ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
USA - NYSE:ITW - US4523081093 - Common Stock
266.37 USD
+3.82 (+1.45%)
266.37 USD
0 (0%)
Overall ITW gets a technical rating of 5 out of 10. In the last year, ITW was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ITW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ITW is lagging the market slightly.
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 part of the Machinery industry. There are 128 other stocks in this industry, ITW did better than 54% of them.
In the last month ITW has a been trading in a tight range between 256.43 and 270.74.
ITW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 264.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
221.03
281.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 254.24 to 264.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 239.24 to 240.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @223.26 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @267.32 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 | UP | POSITIVE | The long term trend for ITW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ITW is neutral. |
| ChartMill Relative Strength | 55.46 | NEUTRAL | ITW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ITW is above a declining 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 | MIXED | The current price of ITW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.27 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ITW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.63 | NEUTRAL | The Stochastics value for ITW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for ITW suggests a possible start of a new 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)
266.37
+3.82 (+1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.45%
1 Week0.26%
2 Weeks-0.17%
1 Month-0.36%
3 Month10.31%
6 Month4.68%
12 Month5.81%
2 Year15.66%
3 Year47.45%
5 Year37.87%
10 Year223.62%
15 Year466.5%
Volatility
ATR(14)4.22
ATR(20)%1.6%
ATR Inc8.72%
Range Today5.29
ADR(20)3.94
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.46
Mansfield-0.62
10 Day High268.68
10 Day Low259.97
20 Day High270.74
20 Day Low256.43
52 Week High279.13
52 Week Low214.66
CS1 End264.42
CR1 Start267.32
Volume & EV
DER(3)-0.21%
DER(5)0.05%
Volume1.04M
Volume Incr-12.11%
Vol(5)774.12K
Vol(50)946.92K