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Archive
- 10/17/2025 -
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Illinois Tool Works (ITW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week after 5 consecutive negative weeks for the Illinois Tool Works (ITW). During the week, the ITW gained 4.33 points, or 1.77%, and closed at 249.26 on Friday, October 17, 2025. It was the best weekly gain since August 22, 2025. Weekly volume was -9% below average.
 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 162.95 and resistance is at 288.62. 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 April 8, 2025 at 214.70 and reached 270.74 on August 25, 2025. ITW gained -56.04 points, or -26.10%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (274.82) 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 October 3, 2025. The distance between MACD and the signal line is low, but 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 August 25, 2025 at 270.74 and reached 242.53 on October 14, 2025. ITW lost 28.21 points, or 10.42%, in 50 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since August 29, 2025. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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