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Archive
- 4/17/2026 -
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Illinois Tool Works (ITW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Illinois Tool Works (ITW). During the week, the ITW climbed 1.74 points, or 0.64%, and closed at 272.26 on Friday, April 17, 2026. Weekly volume was 9% above average.
 Long-term trend: [See ITW long-term trend chart]
A long-term uptrend had started on March 16, 2009 at 25.60 and reached 303.16 on February 12, 2026. ITW gained -277.56 points, or -1084.22%, in 882 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (281.42). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See ITW medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 214.70 and reached 303.16 on February 12, 2026. ITW gained -88.46 points, or -41.20%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 254.69 and resistance is at 315.24. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 20, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See ITW short-term trend chart]
A short-term uptrend had started on March 31, 2026 at 254.41 and reached 274.78 on April 9, 2026. ITW gained -20.37 points, or -8.01%, in 9 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 6, 2026. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
4 |
| Industry |
Industrial Machinery |
54 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
254.41 |
| Low Date |
03/31/2026 |
| High |
274.78 |
| High Date |
04/09/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
303.16 |
| High Date |
02/12/2026 |
| Low |
254.41 |
| Low Date |
03/31/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
315.24 |
| Support |
254.69 |
| Low |
214.70 |
| Low Date |
04/08/2025 |
| High |
303.16 |
| High Date |
02/12/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
173.52 |
| Low Date |
07/14/2022 |
| High |
303.16 |
| High Date |
02/12/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
281.42 |
| Support |
167.12 |
| Low |
25.60 |
| Low Date |
03/16/2009 |
| High |
303.16 |
| High Date |
02/12/2026 |
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