The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 2/13/2026 -
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Illinois Tool Works (ITW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 294.01
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineThe period of high volatility of the stock price
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It was a third consecutive positive week for the Illinois Tool Works (ITW). During the week, the ITW gained 6.03 points, or 2.05%, and closed at 299.60 on Friday, February 13, 2026. Weekly volume was 40% above 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 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 (294.01). 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 November 18, 2025 at 238.82 and reached 303.16 on February 12, 2026. ITW gained -64.34 points, or -26.94%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (251.26) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ITW short-term trend chart]
A short-term uptrend had started on January 2, 2026 at 244.55 and reached 303.16 on February 12, 2026. ITW gained -58.61 points, or -23.97%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (268.84) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since January 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 199.66% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.56
Overbought
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 92.35
Strong Overbought
Greed/Fear Indicator (GFI) 90.17
Strong Overbought
Moving Average Converg./Diverg. (MACD) 8.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.31
Overbought
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.79
Overbought
Greed/Fear Indicator (GFI) 82.21
Overbought
Moving Average Converg./Diverg. (MACD) 0.89
Trading Signals
Description Value Chart
Upper Bollinger Band 311.89
Daily Stochastic Crossing 301.66
Price 299.60
Weekly Stochastic Crossing 295.66
Yearly Trendline Resistance 294.01
Weekly Trendline Resistance 289.20
Parabolic System 285.66
20 Day Moving Average 274.54
Monthly Trendline Resistance 270.16
Weekly Trendline Support 268.84
50 Day Moving Average 261.30
Monthly Trendline Support 251.26
Lower Bollinger Band 245.12
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 253.73
Low Date 01/20/2026
High 303.16
High Date 02/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 289.20
Support 268.84
Low 244.55
Low Date 01/02/2026
High 303.16
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 270.16
Support 251.26
Low 238.82
Low Date 11/18/2025
High 303.16
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 214.70
Low Date 04/08/2025
High 303.16
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 294.01
Support 218.06
Low 25.60
Low Date 03/16/2009
High 303.16
High Date 02/12/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.