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. - Daily - Technical analysis published on 08/15/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Slightly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 150.18 USD

My targets

146.21 USD (-0.25%)

139.61 USD (-4.76%)

My analysis

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on ILLINOIS TOOL WORKS INC. as long as the price remains well below 150.18 USD. The next bearish objective for sellers is set at 146.21 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 139.61 USD. In case of crossing, the next objective would be the support located at 129.80 USD.

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ILLINOIS TOOL WORKS INC. rating is 146.58 USD. The price is lower by -0.01% since the last closing and was between 146.19 USD and 147.73 USD. This implies that the price is at +0.27% from its lowest and at -0.78% from its highest.

146.19

147.73

146.58

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ILLINOIS TOOL WORKS INC. indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	129.80	139.61	146.21	146.58	150.18	158.41	170.96
Change (%)	-11.45%	-4.76%	-0.25%	-	+2.46%	+8.07%	+16.63%
Change	-16.78	-6.97	-0.37	-	+3.60	+11.83	+24.38
Level	Minor	Major	Major	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	141.96	144.27	145.43	147.74	148.90	151.21	152.37
Camarilla	145.64	145.95	146.27	146.59	146.91	147.23	147.54
Woodie	141.39	143.98	144.86	147.45	148.33	150.92	151.80
Fibonacci	144.27	145.60	146.41	147.74	149.07	149.88	151.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.02	142.68	146.11	148.77	152.20	154.86	158.29
Camarilla	147.86	148.41	148.97	149.53	150.09	150.65	151.21
Woodie	140.40	142.87	146.49	148.96	152.58	155.05	158.67
Fibonacci	142.68	145.01	146.45	148.77	151.10	152.54	154.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.13	135.97	145.10	152.94	162.07	169.91	179.04
Camarilla	149.56	151.12	152.67	154.23	155.79	157.34	158.90
Woodie	128.78	136.29	145.75	153.26	162.72	170.23	179.69
Fibonacci	135.97	142.45	146.46	152.94	159.42	163.43	169.91

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.91
MACD (12,26,9):	-0.8500
Directional Movement:	-0.84
AROON (14):	-42.86
DEMA (21):	149.60
Parabolic SAR (0,02-0,02-0,2):	145.67
Elder Ray (13):	-2.78
Super Trend (3,10):	157.76
Zig ZAG (10):	146.53
VORTEX (21):	0.8500
Stochastique (14,3,5):	21.23
TEMA (21):	148.24
Williams %R (14):	-89.27
Chande Momentum Oscillator (20):	-9.31
Repulse (5,40,3):	-1.0600
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	8.59

MA7:	148.92
MA20:	152.00
MA50:	150.50
MA100:	149.98
MAexp7:	148.71
MAexp20:	150.30
MAexp50:	150.15
MAexp100:	148.17
Price / MA7:	-1.57%
Price / MA20:	-3.57%
Price / MA50:	-2.60%
Price / MA100:	-2.27%
Price / MAexp7:	-1.43%
Price / MAexp20:	-2.48%
Price / MAexp50:	-2.38%
Price / MAexp100:	-1.07%

News

The last news published on ILLINOIS TOOL WORKS INC. at the time of the generation of this analysis was as follows:

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

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