|
|
Downtrend Broken Resist.Archive
- 1/23/2026 -
Sign In to see current Signals. |
Illinois Tool Works (ITW) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Illinois Tool Works (ITW). During the week, the ITW dropped -5.21 points, or -1.98%, and closed at 258.26 on Friday, January 23, 2026. Weekly volume was 17% 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 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 165.17 and resistance is at 293.01. 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 downtrend had started on August 25, 2025 at 270.74 and reached 238.82 on November 18, 2025. ITW lost 31.92 points, or 11.79%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (247.22) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ITW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 2, 2026. 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 uptrend had started on January 2, 2026 at 244.55 and reached 264.27 on January 16, 2026. ITW gained -19.72 points, or -8.06%, in 14 days. The price is now at the 30.48% retracement 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 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 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 low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (256.7) comes close to the price (258.26). It indicates that the trend is getting weaker. 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.
| |
|
|