Trading Signals: ITW Stock Price Prediction and Forecast

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Tue. Nov. 23, 2021

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

(Illinois Tool Works Inc.)
ITW latest price $244.0500 (0.8%) ($241.8400 - $244.4500) on Tue. Nov. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.03% (three month average)
RSI   85
Latest Price   $244.0500(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% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support ITW advance at 0% a week (0% probability)
SDY(81%)    PAVE(80%)    IVE(79%)    IWD(78%)    DIA(76%)
Factors Impacting ITW price   ITW will decline at least -0.515% in a week (0% probabilities).
VIXM(-38%)    UUP(-31%)    VXX(-9%)    TBT(-8%)    IGOV(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.515% (StdDev 1.03%)
Hourly BBV 1.2 ()
Intraday Trend 0.5%

5 Day Moving Average   $242.34(0.71%)
10 Day Moving Average   $240.17(1.62%)
20 Day Moving Average   $235.36(3.69%)
To recent high   0%
To recent low   18.1%
Market Cap   $77.169b

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 2.72% (three month std-dev: 1.03%) daily (68% of days).

Sample size 50 Average positive next day return: 0.88%(66%) Average negative next day return: -0.9%(34%) Sample size 50 Average positive next three day return: 1.87%(54%) Average negative next three day return: -1.56%(46%) Sample size 50 Average positive next weekly return: 2.28%(60%) Average negative next weekly return: -2.21%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20211223

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	Nov_23_2021	226.13	235.36	240.17	242.34	242.38	242.9	244.05(0.8%)	UT	HoldLong	65	0.3	69	20	47	136	0.8	57%	0.08	72.1	1.03%	1.2	1.4	85	0.9
2	Nov_22_2021	225.95	234.36	239.25	241.95	242.06	242.18	242.11(0.07%)	UT	HoldLong	65	0	57	0	30	138	0.8	57%	0.08	72.5	1.02%	1.2	1.2	79	0.7
3	Nov_19_2021	225.78	233.52	238.4	241.33	241.72	241.86	241.94(0.4%)	UT	HoldLong	65	0.1	50	10	20	139	1.05	57%	0.08	73.6	1.02%	1.1	1.3	81	1.1
4	Nov_18_2021	225.6	232.65	237.61	240.66	241.11	241.93	240.97(-0.69%)	UD	OpenLong	75	0.1	94	30	69	167	0.85	54%	0.08	73.2	1.02%	-1.4	1.4	81	1.7
5	Nov_17_2021	225.43	231.82	236.78	239.21	239.75	241.59	242.64(0.24%)	UT	HoldLong	65	0.6	150	60	136	190	0.96	54%	0.09	70.9	1.03%	1.1	1.8	88	2.1

6	Nov_16_2021	225.23	230.84	235.44	237.63	237.67	240.3	242.07(1.28%)	UT	HoldLong	65	0.8	177	80	170	199	0.81	56%	0.08	75.6	1.04%	1.4	2	90	2.1
7	Nov_15_2021	225.05	229.87	234.22	236.18	236.12	237.92	239.02(0.18%)	UT	HoldLong	65	0.5	195	50	191	206	0.75	54%	0.08	82.6	1.03%	0.7	1.7	82	2.2
8	Nov_12_2021	224.88	229	233.19	235.06	234.71	235.04	238.59(2.07%)	UT	OpenLong	75	0.7	79	10	56	147	1.08	54%	0.07	90.7	1.03%	1.8	1.9	75	1.1
9	Nov_11_2021	224.72	228.21	232.1	234.16	234.23	234.32	233.74(-0.41%)	UD	OpenLong	65	-0.1	27	0	-6	124	0.52	53%	0.05	99.5	1%	-0.9	1.2	72	0.5
10	Nov_10_2021	224.6	227.6	231.41	233.93	234.41	234.38	234.71(-0.05%)	UD	OpenLong	75	0.2	71	10	46	147	0.65	55%	0.05	94.7	1.02%	0.6	1.4	74	0.5

11	Nov_9_2021	224.49	226.62	230.21	232.85	233.56	234.13	234.82(0.59%)	UT	HoldLong	65	0.4	53	30	30	123	0.68	55%	0.05	85.2	1.03%	1.1	1.5	76	0.9
12	Nov_8_2021	224.37	225.58	229.11	231.92	232.3	234.43	233.45(-0.26%)	UD	OpenLong	75	0.3	123	70	115	148	0.68	55%	0.06	80.2	1.03%	-0.7	1.4	75	1
13	Nov_5_2021	224.23	224.61	228.29	231	231.03	232.99	234.07(0.62%)	UT	HoldLong	65	0.5	189	60	193	177	0.84	55%	0.05	82.3	1.03%	0.9	1.7	79	1
14	Nov_4_2021	224.11	223.71	227.31	229.76	229.46	230.17	232.62(1.46%)	UT	OpenLong	75	0.5	104	20	97	126	1.18	53%	0.02	87.6	1.03%	0.9	1.6	70	1.3
15	Nov_3_2021	224.07	222.84	226.46	228.54	228.31	229.07	229.28(-0.39%)	UD	OpenLong	75	0.1	76	20	66	104	0.88	54%	-0.01	89.3	1.03%	0.5	1.2	70	1.3

16	Nov_2_2021	224.09	222.01	225.89	227.12	226.99	228.75	230.17(0.58%)	UT	HoldLong	65	0.6	115	50	112	123	0.96	54%	-0.01	80.3	1.06%	1.8	1.5	81	1.3
17	Nov_1_2021	224.12	221.12	225.16	225.85	225.42	227.55	228.84(0.43%)	UT	HoldLong	65	0.5	138	60	137	139	1.12	54%	-0.02	70	1.06%	1.1	1.3	81	1.2
18	Oct_29_2021	224.16	220.1	224.45	225.18	224.64	225.23	227.87(0.59%)	UT	HoldLong	65	0.4	119	10	112	139	1.48	56%	-0.02	57.3	1.07%	1.1	1.3	80	1.2
19	Oct_28_2021	224.21	219.07	223.97	224.52	224.07	223.29	226.54(1.95%)	N/A	N/A	0	0.3	-12	-30	-44	86	1.12	56%	-0.02	46.4	1.07%	1.5	1.2	70	1.2
20	Oct_27_2021	224.26	218.1	223.45	224.12	224.52	224.04	222.2(-0.71%)	N/A	N/A	0	-0.3	-7	-10	-43	100	0.76	53%	-0.05	40.1	1.05%	-1.5	0.7	67	1.1

21	Oct_26_2021	224.37	217.65	222.81	224.41	224.59	224.84	223.78(-0.77%)	UD	OpenLong	75	-0.1	34	10	2	131	0.86	53%	-0.04	41.6	1.05%	-1.6	1	75	1.2
22	Oct_25_2021	224.47	217.13	221.87	224.3	224.3	224.99	225.51(0.42%)	UT	HoldLong	65	0.2	76	20	49	156	0.61	53%	-0.05	41.8	1.04%	0.6	1.4	79	1.4
23	Oct_22_2021	224.58	216.64	220.74	223.56	223.92	224.34	224.57(0.02%)	UT	HoldLong	65	0.2	87	20	60	167	0.52	53%	-0.04	41.5	1.04%	0.5	1.4	83	1.5
24	Oct_21_2021	224.68	216.16	219.91	223.34	223.12	223.61	224.53(0.38%)	UT	HoldLong	65	0.2	53	10	13	171	0.52	53%	-0.04	40.2	1.05%	0.5	1.5	83	1.8
25	Oct_20_2021	224.77	215.67	218.97	222.72	223.02	223.5	223.67(0.19%)	UT	HoldLong	65	0.2	125	20	93	219	0.66	55%		36.3	1.05%	0.4	1.6	83	1.7
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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