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Archive
- 5/15/2026 -
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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 dropped -7.08 points, or -2.78%, and closed at 247.68 on Friday, May 15, 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 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 uptrend support line (257.80) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ITW may retest the broken support line. It is considered to be a resistance line now. 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 support 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 247.00 on April 30, 2026. ITW lost 56.16 points, or 18.52%, in 11 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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. This is an indication that the medium-term trend is down. 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. Price is near the trend low.
 Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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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 |
Broken Support |
| Resistance |
320.74 |
| Support |
257.80 |
| 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 |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
24.73 |
| Low Date |
09/27/2001 |
| High |
303.16 |
| High Date |
02/12/2026 |
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