Trading Signals: ITW Stock Price Prediction and Forecast (Mon. Mar. 17, 2014 - Wed. Sep. 27, 2023)(Illinois Tool Works Inc.)
| ITW latest price $131.1100 (-0.8%) ($130.0600 - $133.2500) on Wed. Jan. 23, 2019. | |
| | Trend Analysis and Forecast | | | | Average Daily Percentage Swing | 1.83% (three month average) | | RSI | 61 | | Latest Price | $131.1100(-0.8%) | | Stocks Behave Similarly | Similar Stock List | | Daily Trend | ITW advances 0.2% a day on average for past five trading days. | | Weekly Trend | ITW advances 2.1% a week on average for past two weeks. | | Market Behavior | Normal for large cap. Normal for small cap. | | Correlated ETFs | Broad market will support ITW advance at 0% a week (0% probability)
IFRA(74%) EMHY(19%) VCSH(18%) PCY(16%) TIP(15%) | | Factors Impacting ITW price | ITW will decline at least -0.915% in a week (0% probabilities).
VIXM(-49%) TBT(-9%) UUP(-8%) IGOV(-7%) GDX(-2%) | | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | | | | Relative Volatility | (options are extremely cheap) | | | | | Market Trend Strength | -0.915% (StdDev 1.83%) | | Hourly BBV | 0 () | | Intraday Trend | -1.2% | | | | | |
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| 5 Day Moving Average | $132.52(-1.06%) | | 10 Day Moving Average | $131.52(-0.31%) | | 20 Day Moving Average | $128.53(2.01%) | | To recent high | -5.2% | | To recent low | 11.1% | | Market Cap | $41.457b | | | | | | |
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. |