Trading Signals: ITW Stock Price Prediction and Forecast

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Fri. Sep. 23, 2016

Trading Signals: ITW Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Wed. Sep. 27, 2023)

(Illinois Tool Works Inc.)
ITW latest price $111.4275 (-1.57%) ($111.3234 - $112.9597) on Fri. Sep. 23, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.2% (three month average)
RSI   40
Latest Price   $111.4275(-1.57%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ITW advances 0.3% a day on average for past five trading days.
Weekly Trend   ITW declines -0.2% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support ITW advance at 0% a week (0% probability)
EWI(19%)    EMHY(18%)    EWG(18%)    EWY(18%)    IYT(18%)
Factors Impacting ITW price   ITW will decline at least -0.6% in a week (0% probabilities).
VIXM(-49%)    IGOV(-7%)    UUP(-6%)    TBT(-3%)    BOTZ(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.6% (StdDev 1.2%)
Hourly BBV 0 ()
Intraday Trend -1.3%

Resistance Level   $112
5 Day Moving Average   $112.01(-0.52%)
10 Day Moving Average   $111.21(0.2%)
20 Day Moving Average   $112(-0.51%)
To recent high   -2.7%
To recent low   20%
Market Cap   $35.233b

Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and related software for testing and measuring of materials, structures, gases and fluids. The Food Equipment segment supplies commercial food equipment and provides related services. The Polymers & Fluids segment provides adhesives, sealants, lubrication and cutting fluids, janitorial and hygiene products, and fluids and polymers for auto aftermarket maintenance and appearance. The Welding segment furnishes arc welding equipment, consumables and accessories for a wide array of industrial and commercial applications. The Construction Products segment makes construction fastening systems and truss products. The Specialty Products segment manufacturing beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. The company was founded by Byron L. Smith in 1912 and is headquartered in Glenview, IL.

$. ITW price fluctuates within 1.36% (three month std-dev: 1.2%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20161023

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Sep_23_2016	105.29	112	111.21	112.01			111.43(-1.57%)	N/A	N/A	0	-0.4	2	-10000	5	-6	1.11	52%	0.14	-16.9	1.2%	0	-0.4	40	0
2	Sep_22_2016	105.14	112.08	111.03	111.7			113.21(0.53%)	DP	OpenShort	-65	1	-2	-10000	7	-28	1	55%	0.15	-21.2	1.18%	0	0.7	49	0
3	Sep_21_2016	104.98	112.06	110.92	111.26			112.61(0.56%)	DP	OpenShort	-65	0.9	-3	-10000	9	-38	1.54	55%	0.13	-28.7	1.19%	0	0.4	50	0
4	Sep_20_2016	104.84	112.08	110.93	110.7			111.99(1.06%)	DP	OpenShort	-65	0.8	-8	-10000	8	-55	1.73	55%	0.13	-35	1.19%	0	-0.1	44	0
5	Sep_19_2016	104.7	112.14	111.03	110.19			110.81(0.83%)	DP	OpenShort	-75	0.4	-21	-10000	-2	-77	1	55%	0.12	-42.4	1.18%	0	-0.9	40	0

6	Sep_16_2016	104.57	112.26	111.38	110.3			109.9(-0.99%)	DT	HoldShort	-50	-0.3	-16	-10000	1	-68	1.74	56%	0.11	-39.4	1.18%	0	-1.5	41	0
7	Sep_15_2016	104.46	112.41	111.7	110.23			110.99(1.06%)	DP	OpenShort	-75	0.5	-22	-10000	-5	-73	0.98	56%	0.12	-44.1	1.18%	0	-1	44	0
8	Sep_14_2016	104.34	112.49	111.85	110.54			109.83(0.37%)	DP	OpenShort	-75	-0.5	-26	-10000	-10	-72	1.59	56%	0.11	-35.5	1.17%	0	-1.9	40	0
9	Sep_13_2016	104.23	112.62	112.24	111.21			109.42(-1.76%)	DT	OpenShort	-75	-1.4	-23	-10000	-12	-56	2.29	52%	0.12	-24.3	1.17%	0	-2.6	37	0
10	Sep_12_2016	104.11	112.81	112.71	111.99			111.38(1.71%)	DP	OpenShort	-75	-0.6	-16	-10000	-10	-33	1.54	55%	0.13	-1.1	1.19%	0	-1.4	43	0

11	Sep_9_2016	103.98	112.87	112.9	112.63			109.51(-2.72%)	DT	OpenShort	-75	-3.2	-13	-10000	-11	-18	1.8	53%	0.11	25.9	1.18%	0	-3.5	34	0
12	Sep_8_2016	103.87	113.04	113.29	113.36			112.57(-0.53%)	UD	OpenLong	75	-1.3	3	-10000	1	7	1.27	59%	0.14	101.9	1.12%	0	-0.8	52	0
13	Sep_7_2016	103.72	112.99	113.35	113.33			113.18(-0.13%)	UD	OpenLong	65	-0.2	1	-10000	-1	8	1.06	60%	0.14	105	1.12%	0	0.3	56	0
14	Sep_6_2016	103.58	112.92	113.35	113.42			113.33(-1.07%)	UD	OpenLong	65	-0.1	3	-10000	-2	16	2.12	60%	0.19	120	1.12%	0	0.6	61	0
15	Sep_2_2016	103.38	112.82	113.36	113.55			114.56(1.24%)	UT	OpenLong	75	1.1	10	-10000	5	25	1.52	60%	0.16	108.5	1.11%	0	1.9	61	0

16	Sep_1_2016	103.22	112.62	113.2	113.27			113.16(0.66%)	UT	OpenLong	75	-0.1	6	-10000	1	19	1.43	58%	0.14	92.7	1.1%	0	0.5	56	0
17	Aug_31_2016	103.08	112.44	113.15	113.22			112.41(-1.1%)	UD	OpenLong	65	-0.6	3	-10000	-2	18	1.6	58%	0.14	78.3	1.1%	0	-0	51	0
18	Aug_30_2016	102.94	112.29	113.18	113.35			113.66(-0.27%)	UD	OpenLong	75	0.2	8	-10000	1	28	1.16	61%	0.17	69.7	1.09%	0	0.9	72	0
19	Aug_29_2016	102.77	112.05	113.01	113.28			113.96(0.72%)	UT	OpenLong	75	0.4	9	-10000	2	28	1.06	61%	0.17	64.5	1.09%	0	1.2	71	0
20	Aug_26_2016	102.6	111.82	112.89	113.28			113.15(0.19%)	UT	OpenLong	75	0	8	-10000	0	31	1.35	61%	0.17	63.1	1.09%	0	0.8	71	0

21	Aug_25_2016	102.43	111.62	112.82	113.14			112.93(-0.11%)	UD	OpenLong	75	-0.1	11	-10000	1	42	1.17	61%	0.17	64.1	1.09%	0	0.8	74	0
22	Aug_24_2016	102.26	111.44	112.77	113.06			113.05(-0.21%)	UD	OpenLong	75	-0	15	-10000	2	54	1.22	63%	0.17	66	1.09%	0	1	80	0
23	Aug_23_2016	102.09	111.26	112.61	112.96			113.29(0.03%)	UT	HoldLong	65	0.2	19	-10000	4	64	1.23	63%	0.17	69.9	1.1%	0	1.3	84	0
24	Aug_22_2016	101.92	111.07	112.45	112.69			113.26(0.09%)	UT	HoldLong	65	0.4	18	-10000	1	70	0.99	63%	0.16	78.8	1.1%	0	1.4	84	0
25	Aug_19_2016	101.76	110.84	112.24	112.6			113.16(0.55%)	UT	HoldLong	65	0.3	21	-10000	2	78	1.31	63%		90.3	1.1%	0	1.4	79	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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