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Archive
- 5/8/2026 -
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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 the negative week for the Illinois Tool Works (ITW). During the week, the ITW gave back -0.71 points, or -0.28%, and closed at 254.76 on Friday, May 8, 2026. ITW was trading at average weekly trading volume.
 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 167.63 and resistance is at 282.34. 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 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 price is near the trend support (257.03) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 20, 2026. Use the following link to access a MACD help.
 Short-term trend: [See ITW short-term trend chart]
A short-term downtrend had started on April 9, 2026 at 274.78 and reached 247.00 on April 30, 2026. ITW lost 27.78 points, or 10.11%, in 21 days. The price is now at the 27.93% retracement level.
 Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 29, 2026. This is an indication that the short-term trend is down.
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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 |
53 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
274.78 |
| High Date |
04/09/2026 |
| Low |
247.00 |
| Low Date |
04/30/2026 |
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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 |
247.00 |
| Low Date |
04/30/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Support |
| Resistance |
319.36 |
| Support |
257.03 |
| 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 |
Valid |
| Resistance |
282.34 |
| Support |
167.63 |
| Low |
25.60 |
| Low Date |
03/16/2009 |
| High |
303.16 |
| High Date |
02/12/2026 |
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