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Archive
- 6/6/2025 -
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Illinois Tool Works (ITW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Illinois Tool Works (ITW). During the week, the ITW gained 2.48 points, or 1.01%, and closed at 247.56 on Friday, June 6, 2025. Weekly volume was -7% 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 July 14, 2022 at 173.52 and reached 279.10 on November 27, 2024. ITW gained -105.58 points, or -60.85%, in 123 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (260.89) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See ITW medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 279.10 and reached 214.70 on April 8, 2025. ITW lost 64.40 points, or 23.07%, in 18 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 195.57 and resistance is at 277.17. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 12, 2025 at 252.75 and reached 240.50 on June 2, 2025. ITW lost 12.25 points, or 4.85%, in 21 days. The price is now at the 57.63% 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 May 22, 2025. 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.
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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