ILLINOIS TOOL WORKS INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
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Type:	Stocks
Ticker:	ITW
ISIN:

ILLINOIS TOOL WORKS INC. - Daily - Technical analysis published on 10/02/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Bearish

De fond: Slightly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 150.18 USD

My targets

145.10 USD (-2.87%)

139.61 USD (-6.54%)

My analysis

The basic trend is currently slightly bearish on ILLINOIS TOOL WORKS INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 150.18 USD, sales could be favoured. The first bearish objective would be located at 145.10 USD. Sellers would then use the next support located at 139.61 USD as an objective. Crossing it would then enable sellers to target 119.09 USD. A return to above the resistance at 150.18 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

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

FORCE

2.7

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

Additional analysis

Quotes

The ILLINOIS TOOL WORKS INC. rating is 149.38 USD. The price registered a decrease of -2.19% on the session with the lowest point at 149.20 USD and the highest point at 151.37 USD. The deviation from the price is +0.12% for the low point and -1.31% for the high point.

149.20

151.37

149.38

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ILLINOIS TOOL WORKS INC.:

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

A technical analysis in Daily of this ILLINOIS TOOL WORKS INC. chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	119.09	139.61	145.10	149.38	150.18	158.62	170.96
Change (%)	-20.28%	-6.54%	-2.87%	-	+0.54%	+6.19%	+14.45%
Change	-30.29	-9.77	-4.28	-	+0.80	+9.24	+21.58
Level	Major	Major	Major	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	144.76	148.50	150.62	154.36	156.48	160.22	162.34
Camarilla	151.12	151.66	152.19	152.73	153.27	153.80	154.34
Woodie	143.94	148.10	149.80	153.96	155.66	159.82	161.52
Fibonacci	148.50	150.74	152.13	154.36	156.60	157.99	160.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	142.15	145.06	149.47	152.38	156.79	159.70	164.11
Camarilla	151.86	152.53	153.20	153.87	154.54	155.21	155.89
Woodie	142.89	145.43	150.21	152.75	157.53	160.07	164.85
Fibonacci	145.06	147.86	149.58	152.38	155.18	156.90	159.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	129.37	136.44	146.46	153.53	163.56	170.62	180.65
Camarilla	151.79	153.36	154.92	156.49	158.06	159.62	161.19
Woodie	130.85	137.18	147.94	154.27	165.04	171.36	182.13
Fibonacci	136.44	142.97	147.00	153.53	160.06	164.09	170.62

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):	43.97
MACD (12,26,9):	0.6400
Directional Movement:	-11.41
AROON (14):	-42.86
DEMA (21):	154.25
Parabolic SAR (0,02-0,02-0,2):	148.18
Elder Ray (13):	-3.01
Super Trend (3,10):	149.36
Zig ZAG (10):	149.88
VORTEX (21):	1.0500
Stochastique (14,3,5):	39.35
TEMA (21):	153.99
Williams %R (14):	-86.48
Chande Momentum Oscillator (20):	-5.80
Repulse (5,40,3):	-2.7400
ROCnROLL:	2
TRIX (15,9):	0.1200
Courbe Coppock:	2.04

MA7:	153.29
MA20:	154.51
MA50:	151.40
MA100:	149.38
MAexp7:	153.14
MAexp20:	153.18
MAexp50:	151.66
MAexp100:	149.61
Price / MA7:	-2.55%
Price / MA20:	-3.32%
Price / MA50:	-1.33%
Price / MA100:	-0%
Price / MAexp7:	-2.46%
Price / MAexp20:	-2.48%
Price / MAexp50:	-1.50%
Price / MAexp100:	-0.15%

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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