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Archive
- 7/10/2026 -
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Illinois Tool Works (ITW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Illinois Tool Works (ITW). During the week, the ITW dropped -3.95 points, or -1.45%, and closed at 268.81 on Friday, July 10, 2026. It was the worst weekly loss since May 29, 2026. Weekly volume was -10% below average.
ITW is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 trend support level is at 169.04 and resistance is at 284.92. 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 long-term trend.
 Medium-term trend: [See ITW medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 303.16 and reached 242.05 on June 1, 2026. ITW lost 61.11 points, or 20.16%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (234.10) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 1, 2026 at 242.05 and reached 275.60 on July 6, 2026. ITW gained -33.55 points, or -13.86%, in 35 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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