Trading Signals: ITW Stock Price Prediction and Forecast

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Tue. Apr. 11, 2017

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

(Illinois Tool Works Inc.)
ITW latest price $127.5878 (0.43%) ($126.1948 - $127.6166) on Tue. Apr. 11, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.68% (three month average)
RSI   46
Latest Price   $127.5878(0.43%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ITW advances 0.2% a day on average for past five trading days.
Weekly Trend   ITW declines -0.1% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support ITW advance at 0% a week (0% probability)
EMHY(19%)    EWI(19%)    EWG(18%)    EWY(18%)    EWP(17%)
Factors Impacting ITW price   ITW will decline at least -0.34% in a week (0% probabilities).
VIXM(-50%)    IGOV(-7%)    UUP(-6%)    TBT(-4%)    GDX(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.34% (StdDev 0.68%)
Hourly BBV 0 ()
Intraday Trend 0.7%

5 Day Moving Average   $126.71(0.69%)
10 Day Moving Average   $126.78(0.64%)
20 Day Moving Average   $127.33(0.2%)
To recent high   -1.5%
To recent low   8.9%
Market Cap   $40.343b

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 0.82% (three month std-dev: 0.68%) 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

> 20170511

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	Apr_11_2017	122.63	127.33	126.78	126.71			127.59(0.43%)	N/A	N/A	0	0.8	2	-10000	5	-9	1.4	71%	0.08	-26.8	0.68%	0	0.2	46	0
2	Apr_10_2017	122.53	127.32	126.71	126.48			127.04(0.39%)	DP	OpenShort	-65	0.5	-4	-10000	3	-23	0.93	71%	0.08	-35.7	0.68%	0	-0.3	45	0
3	Apr_7_2017	122.43	127.38	126.6	126.35			126.55(0.08%)	DP	OpenShort	-75	0.2	-15	-10000	-3	-52	0.73	71%	0.07	-37.6	0.68%	0	-0.8	33	0
4	Apr_6_2017	122.34	127.46	126.64	126.49			126.44(0.43%)	DP	OpenShort	-75	-0	-19	-10000	-4	-64	0.96	73%	0.07	-37.3	0.68%	0	-1	31	0
5	Apr_5_2017	122.26	127.5	126.74	126.68			125.91(-0.42%)	DT	OpenShort	-75	-0.7	-19	-10000	-4	-63	1.19	69%	0.06	-37.8	0.69%	0	-1.5	36	0

6	Apr_4_2017	122.19	127.61	126.94	126.85			126.44(0.02%)	DP	OpenShort	-75	-0.4	-19	-10000	-3	-65	0.98	69%	0.08	-40.3	0.71%	0	-1.2	34	0
7	Apr_3_2017	122.09	127.7	127.06	126.98			126.41(-0.67%)	DT	HoldShort	-50	-0.6	-13	-10000	3	-59	1.95	69%	0.07	-29.7	0.71%	0	-1.4	47	0
8	Mar_31_2017	122	127.79	127.33	126.86			127.26(-0.11%)	DP	OpenShort	-65	0.4	-14	-10000	1	-60	1.1	69%	0.08	-24.3	0.7%	0	-0.6	46	0
9	Mar_30_2017	121.9	127.85	127.54	126.8			127.4(0.5%)	DP	OpenShort	-75	0.7	-15	-10000	-1	-56	0.75	69%	0.11	-14.3	0.7%	0	-0.5	47	0
10	Mar_29_2017	121.77	127.9	127.65	126.83			126.76(-0.23%)	DT	OpenShort	-75	-0.1	-16	-10000	-5	-49	0.95	69%	0.12	4.2	0.7%	0	-1.2	50	0

11	Mar_28_2017	121.62	128.01	127.92	127.07			127.06(0.96%)	DP	OpenShort	-75	-0	-10	-10000	-3	-31	1.48	64%	0.14	33.3	0.7%	0	-1	47	0
12	Mar_27_2017	121.45	127.98	127.97	127.18			125.85(-0.85%)	DT	OpenShort	-75	-1.3	-20	-10000	-15	-35	1.73	62%	0.15	41.3	0.73%	0	-2.1	43	0
13	Mar_24_2017	121.27	128.02	128.24	127.86			126.93(-0.5%)	DT	OpenShort	-75	-0.9	-11	-10000	-11	-9	1.22	65%	0.16	67.5	0.72%	0	-1.1	45	0
14	Mar_23_2017	121.08	127.98	128.38	128.39			127.57(-0.31%)	N/A	N/A	0	-0.7	0	-10000	-4	12	1.21	65%	0.17	74.7	0.72%	0	-0.3	46	0
15	Mar_22_2017	120.87	127.86	128.35	128.59			127.96(0.28%)	N/A	N/A	0	-0.4	-2	-10000	-6	11	0.82	65%	0.18	70.3	0.72%	0	0.1	49	0

16	Mar_21_2017	120.65	127.7	128.36	128.89			127.6(-1.29%)	UD	OpenLong	75	-0.8	6	-10000	1	20	1.11	61%	0.17	72.7	0.72%	0	-0.1	43	0
17	Mar_20_2017	120.44	127.57	128.42	128.85			129.27(-0.21%)	UD	OpenLong	75	0.3	11	-10000	4	30	0.92	66%	0.17	72.8	0.71%	0	1.1	65	0
18	Mar_17_2017	120.23	127.34	128.3	128.67			129.54(0.76%)	UT	OpenLong	75	0.5	15	-10000	7	39	2.87	66%	0.19	73.8	0.7%	0	1.3	66	0
19	Mar_16_2017	120	127.09	128.18	128.38			128.56(-0.72%)	UD	OpenLong	75	0.1	16	-10000	6	44	1	64%	0.18	77.9	0.71%	0	0.9	65	0
20	Mar_15_2017	119.78	126.87	128.15	128.09			129.5(1.67%)	UT	OpenLong	75	0.8	20	-10000	7	57	1	67%	0.2	77.4	0.7%	0	1.5	74	0

21	Mar_14_2017	119.54	126.59	128.07	127.79			127.37(-0.77%)	UD	OpenLong	65	-0.2	16	-10000	-3	74	0.91	57%	0.17	79.6	0.67%	0	0.5	70	0
22	Mar_13_2017	119.34	126.41	127.98	127.91			128.36(0.19%)	UT	OpenLong	75	0.2	23	-10000	1	88	0.89	60%	0.18	84	0.7%	0	1.1	74	0
23	Mar_10_2017	119.12	126.12	127.77	127.89			128.12(0.8%)	UT	HoldLong	50	0.1	24	-10000	-1	98	0.98	60%	0.18	80.6	0.7%	0	1	74	0
24	Mar_9_2017	118.91	125.81	127.56	127.95			127.1(-0.69%)	UD	OpenLong	65	-0.4	23	-10000	-6	109	1.15	58%	0.15	77.2	0.7%	0	0.6	71	0
25	Mar_8_2017	118.73	125.54	127.35	128.2			127.99(-0.01%)	UD	OpenLong	65	-0.1	29	-10000	-4	128	0.87	58%		76.1	0.69%	0	1.1	81	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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