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Archive
- 8/28/2026 -
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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 gave back -2.19 points, or -0.78%, and closed at 280.10 on Friday, August 28, 2026. Weekly volume was -36% below 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 (287.07). 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 June 1, 2026 at 242.05 and reached 301.92 on July 28, 2026. ITW gained -59.87 points, or -24.73%, in 8 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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. This is an indication that the medium-term trend is up. 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 July 28, 2026 at 301.92 and reached 278.50 on August 28, 2026. ITW lost 23.42 points, or 7.76%, in 31 days. The price is now at the 6.83% retracement level.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since August 11, 2026. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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