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Archive
- 4/17/2025 -
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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 -1.46 points, or -0.63%, and closed at 230.84 on Thursday, April 17, 2025. 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 279.10 on November 27, 2024. ITW gained -253.50 points, or -990.23%, in 819 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 158.71 and resistance is at 266.07. 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 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 (259.46) 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 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. The distance between MACD and the signal line is near its high and getting bigger. 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 March 10, 2025 at 278.10 and reached 214.70 on April 8, 2025. ITW lost 63.40 points, or 22.80%, in 29 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 10, 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.
The distance between the Bollinger Bands is 169.88% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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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 |
5 |
| Industry |
Industrial Machinery |
28 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
278.10 |
| High Date |
03/10/2025 |
| Low |
214.70 |
| Low Date |
04/08/2025 |
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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 |
279.10 |
| High Date |
11/27/2024 |
| Low |
214.70 |
| Low Date |
04/08/2025 |
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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 |
232.77 |
| Low Date |
07/01/2024 |
| High |
279.10 |
| High Date |
11/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
283.21 |
| Support |
259.46 |
| Low |
173.52 |
| Low Date |
07/14/2022 |
| High |
279.10 |
| High Date |
11/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
266.07 |
| Support |
158.71 |
| Low |
25.60 |
| Low Date |
03/16/2009 |
| High |
279.10 |
| High Date |
11/27/2024 |
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