ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
NYSE:ITW - New York Stock Exchange, Inc. - US4523081093 - Common Stock - Currency: USD
Overall ITW gets a technical rating of 5 out of 10. In the last year, ITW was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, ITW outperforms 50% of them, which is more or less in line with the market.
ITW is part of the Machinery industry. There are 127 other stocks in this industry, ITW did better than 45% of them.
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.
In the last month ITW has a been trading in a tight range between 251.35 and 264.61.
Volume is considerably higher in the last couple of days.
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
3 important support areas can be observed.
- A support zone ranging from 248.83 to 252.61. 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.
3 important resistance areas can be observed.
- Resistance @254.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 258.37 to 262.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 50.1 | 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 | 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) | 46.56 | NEUTRAL | The RSI value for ITW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests ITW has a negative trend. |
| Stochastics (14,3) | 44.39 | NEUTRAL | The Stochastics value for ITW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for ITW suggests low volalility. |
| Average Directional Index/ADX (14) | 17.69 | 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)
253.67
-5.83 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.25%
1 Week-3.64%
2 Weeks-1.23%
1 Month-0.6%
3 Month4.68%
6 Month-2.12%
12 Month4.03%
2 Year-3.66%
3 Year22.1%
5 Year37.13%
10 Year183.53%
15 Year483.15%
Volatility
ATR(14)4.06
ATR(20)%1.62%
ATR Inc66.85%
Range Today6.44
ADR(20)3.87
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.1
Mansfield-0.83
10 Day High263.8
10 Day Low251.35
20 Day High264.61
20 Day Low251.35
52 Week High279.13
52 Week Low214.66
CS1 End252.61
CR1 Start254.08
Volume & EV
DER(3)1.97%
DER(5)1.31%
Volume2.21M
Volume Incr37.47%
Vol(5)1.29M
Vol(50)942.71K