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Uptrend Broken SupportArchive
- 7/18/2025 -
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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 dropped -4.55 points, or -1.75%, and closed at 255.15 on Friday, July 18, 2025. Weekly volume was -18% below 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 160.79 and resistance is at 269.88. 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 (264.26) 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 above its signal line since June 6, 2025. 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 June 23, 2025 at 239.56 and reached 264.61 on July 10, 2025. ITW gained -25.05 points, or -10.46%, in 17 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See ITW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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