ILLINOIS TOOL WORKS INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ITW
ISIN:

ILLINOIS TOOL WORKS INC. - 1H - Technical analysis published on 04/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

56%

17%

My opinion

Bearish under 265.73 USD

My targets

262.32 USD (-0.59%)

258.97 USD (-1.86%)

My analysis

ILLINOIS TOOL WORKS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 265.73 USD. The next support located at 262.32 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 258.97 USD. Below this support, sellers could then target 257.26 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ILLINOIS TOOL WORKS INC. price is 263.87 USD. The price is lower by -0.02% since the last closing and was traded between 263.42 USD and 264.67 USD over the period. The price is currently at +0.17% from its lowest and -0.30% from its highest.

263.42

264.67

263.87

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ILLINOIS TOOL WORKS INC. in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	257.26	258.97	262.32	263.87	264.41	265.73	268.91
Change (%)	-2.51%	-1.86%	-0.59%	-	+0.20%	+0.70%	+1.91%
Change	-6.61	-4.90	-1.55	-	+0.54	+1.86	+5.04
Level	Minor	Major	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	259.86	261.72	262.83	264.69	265.80	267.66	268.77
Camarilla	263.11	263.39	263.66	263.93	264.20	264.48	264.75
Woodie	259.48	261.53	262.45	264.50	265.42	267.47	268.39
Fibonacci	261.72	262.86	263.56	264.69	265.83	266.53	267.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	259.10	261.49	264.91	267.30	270.72	273.11	276.53
Camarilla	266.73	267.27	267.80	268.33	268.86	269.40	269.93
Woodie	259.62	261.75	265.43	267.56	271.24	273.37	277.05
Fibonacci	261.49	263.71	265.08	267.30	269.52	270.89	273.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	240.38	246.52	257.43	263.57	274.48	280.62	291.53
Camarilla	263.64	265.20	266.77	268.33	269.89	271.46	273.02
Woodie	242.76	247.71	259.81	264.76	276.86	281.81	293.91
Fibonacci	246.52	253.04	257.06	263.57	270.09	274.11	280.62

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	33.16
MACD (12,26,9):	-0.7600
Directional Movement:	-11.20
AROON (14):	-50.00
DEMA (21):	264.07
Parabolic SAR (0,02-0,02-0,2):	264.47
Elder Ray (13):	-0.72
Super Trend (3,10):	266.36
Zig ZAG (10):	263.80
VORTEX (21):	0.8000
Stochastique (14,3,5):	14.17
TEMA (21):	263.46
Williams %R (14):	-87.89
Chande Momentum Oscillator (20):	-1.33
Repulse (5,40,3):	-0.0900
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	2.08

MA7:	265.44
MA20:	264.05
MA50:	259.79
MA100:	253.66
MAexp7:	264.09
MAexp20:	264.96
MAexp50:	265.52
MAexp100:	264.73
Price / MA7:	-0.59%
Price / MA20:	-0.07%
Price / MA50:	+1.57%
Price / MA100:	+4.03%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.41%
Price / MAexp50:	-0.62%
Price / MAexp100:	-0.32%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ILLINOIS TOOL WORKS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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