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Archive
- 7/31/2026 -
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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 a third consecutive positive week for the Illinois Tool Works (ITW). During the week, the ITW gained 3.93 points, or 1.39%, and closed at 286.95 on Friday, July 31, 2026. Weekly volume was 73% 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 (285.84). 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. The chart has formed a Rising Channel chart pattern. The trend support level is at 280.07 and resistance is at 293.62. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
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 uptrend had started on July 9, 2026 at 263.55 and reached 301.92 on July 28, 2026. ITW gained -38.37 points, or -14.56%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 23, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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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 |
9 |
| Industry |
Industrial Machinery |
69 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
263.55 |
| Low Date |
07/09/2026 |
| High |
301.92 |
| High Date |
07/28/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
293.62 |
| Support |
280.07 |
| Low |
242.05 |
| Low Date |
06/01/2026 |
| High |
301.92 |
| High Date |
07/28/2026 |
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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 |
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 |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
285.84 |
| Support |
169.55 |
| Low |
25.60 |
| Low Date |
03/16/2009 |
| High |
303.16 |
| High Date |
02/12/2026 |
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