ILLINOIS TOOL WORKS (ITW) Stock Technical Analysis
NYSE:ITW - New York Stock Exchange, Inc. - US4523081093 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ITW. ITW has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, ITW is a bad performer in the overall market: 62% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ITW has a been trading in the 244.69 - 265.87 range, which is quite wide. It is currently trading near the high of this range.
ITW is part of the Machinery industry. There are 128 other stocks in this industry, ITW did better than 53% 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.
Although the technical rating is only medium, ITW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 263.97, a Stop Loss order could be placed below this zone.
More info and screens
225.42
281.30
5 important support areas can be observed.
- A support zone ranging from 258.91 to 263.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @253.89 from a horizontal line in the daily time frame.
- Support @247.43 from a trend line in the daily time frame.
- A support zone ranging from 239.30 to 242.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @227.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 277.53 to 278.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.06
Mansfield-0.35
10 Day High265.87
10 Day Low252.35
20 Day High265.87
20 Day Low244.69
52 Week High279.13
52 Week Low232.77
Performance
1 Week1.61%
2 Weeks3.6%
1 Month1.69%
3 Month-3.53%
6 Month7%
12 Month1.6%
2 Year13.35%
3 Year22.16%
5 Year57.52%
10 Year167.33%
15 Year480.58%
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)
Technical Indicators
MACD(12,26,9)1.05
RSI(14)59.07
LBB251.14
UBB266.25
264.28
-1.26 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.47%
1 Week1.61%
2 Weeks3.6%
1 Month1.69%
3 Month-3.53%
6 Month7%
12 Month1.6%
2 Year13.35%
3 Year22.16%
5 Year57.52%
10 Year167.33%
15 Year480.58%
Volatility
ATR(14)4.55
ATR(20)%1.65%
ATR Inc-33.46%
Range Today3.14
ADR(20)4.05
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
CRS38.06
Mansfield-0.35
10 Day High265.87
10 Day Low252.35
20 Day High265.87
20 Day Low244.69
52 Week High279.13
52 Week Low232.77
CS1 End263.97
CR1 Start277.53
Volume & EV
DER(3)1.61%
DER(5)1.46%
Volume918.30K
Volume Incr-12.66%
Vol(5)889.24K
Vol(50)938.67K