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Archive
- 7/17/2026 -
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Illinois Tool Works (ITW) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Illinois Tool Works (ITW). During the week, the ITW gained 7.24 points, or 2.69%, and closed at 276.05 on Friday, July 17, 2026. It was the best weekly gain since April 10, 2026. Weekly volume was 12% above average.
ITW is a member of Industrials Sector. Industrials is the second 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 price is near the trend resistance line (285.23). 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 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 (232.63) 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.
The weekly MACD line is above its signal line since July 2, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 285.07 on July 17, 2026. ITW gained -43.02 points, or -17.77%, in 46 days. The price is now at the 20.97% retracement level.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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