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     Wed. Aug. 12, 2020

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

(Illinois Tool Works Inc.)

ITW latest price $198.5300 (1.13%) ($197.1850 - $199.9000) on Wed. Aug. 12, 2020.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  1.82% (three month average)
RSI   75
Latest Price   $198.5300(1.13%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  ITW advances 1% a day on average for past five trading days.
Weekly Trend  ITW advances 2.3% a week on average for past two weeks.
Market Behavior  Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs  Broad market will support ITW advance at 0% a week (0% probability)
  PAVE(79%)    SDY(79%)    IVE(77%)    IWD(77%)    DIA(75%)  
Factors Impacting ITW price  ITW will decline at least -0.91% in a week (0% probabilities).
  VIXM(-40%)    UUP(-29%)    VXX(-13%)    EDOC(-5%)    TLT(-0%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -0.91% (StdDev 1.82%)
Hourly BBV   0.7 ()
Intraday Trend   0.1%
  
 

  


5 Day Moving Average  $193.84(2.42%)
10 Day Moving Average  $190.22(4.37%)
20 Day Moving Average  $187.03(6.15%)
To recent high  0%
To recent low  30.2%
Market Cap  $62.775b
 
 
 
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 2.7% (three month std-dev: 1.82%) daily (68% of days).

Sample size 50   Average positive next day return: 1.91%(42%)   Average negative next day return: -1.54%(58%)
Sample size 50   Average positive next three day return: 3.32%(50%)   Average negative next three day return: -3.11%(50%)
Sample size 50   Average positive next weekly return: 5.66%(50%)   Average negative next weekly return: -3.51%(50%)

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20200912

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1Aug_12_2020168.4187.03190.22193.84 194.51 197.78198.53(1.13%)UTOpenLong750.9   126   130   126   126   0.95    73%0.3787.41.82%0.72.3751.6
2Aug_11_2020167.78186.17189.04191.84 191.89 195.17196.32(0.25%)UTOpenLong751   145   120   152   123   1.24    73%0.4894.61.92%0.82.3751.1
3Aug_10_2020166.98185.3187.87189.59 189.49 191.25195.83(2.77%)UTOpenLong751.4   106   60   111   92   0.97    73%0.4387.31.92%1.82.4751.7
4Aug_7_2020166.26184.24186.96187.61 187.51 188.61190.55(1.38%)UTOpenLong750.7   46   40   41   60   0.73    69%0.3375.81.91%2.21.5751.6
5Aug_6_2020165.71183.43186.36186.5 186.79 187.73187.95(-0.31%)UDOpenLong750.3   54   40   52   59   0.72    69%0.28651.92%0.91611.7
 
6Aug_5_2020165.24182.72185.95186.04 185.86 186.41188.53(1.86%)UTOpenLong750.5   31   20   25   48   0.92    69%0.1860.71.92%1.11.3631.7
7Aug_4_2020164.94182.02185.36185.83 185.29 185.84185.09(-0.45%)UDOpenLong75-0.2   17   10   8   42   0.65    69%0.2259.91.91%-0.30.7571.6
8Aug_3_2020164.58181.54185.08185.84 185.65 185.3185.92(0.5%)UTOpenLong750   22   -20   13   48   1    69%0.1865.91.91%0.51641.3
9Jul_31_2020164.28181.12184.38186.2 185.6 184.74184.99(-0.37%)N/AN/A0-0.3   -20   -40   -39   37   1.23    69%0.2879.31.93%-0.60.9701.5
10Jul_30_2020163.82180.61184.1186.16 186.02 185.99185.67(-0.97%)UDOpenLong65-0.1   11   -0   -7   63   1.19    69%0.1782.11.94%-0.11.1721.3
 
11Jul_29_2020163.54179.96183.7185.79 185.83 186.46187.49(1.28%)UTHoldLong650.4   43   20   28   87   0.53    69%0.1481.61.98%1.51.6761.6
12Jul_28_2020163.31179.31183.13184.81 185.03 186.06185.12(-1.39%)UDOpenLong750.1   55   40   41   97   0.73    69%0.19831.98%01.3711.5
13Jul_27_2020163178.58182.57184.18 184.01 185.2187.72(1.59%)UTOpenLong750.8   73   40   61   107   0.65    69%0.15761.98%1.62741.5
14Jul_24_2020162.75177.59181.29182.3 182.65 184184.79(0.53%)UTOpenLong750.5   58   60   50   81   0.79    69%0.162.12.01%1.11.5631.2
15Jul_23_2020162.58176.89180.25181.76 181.46 182.81183.81(0.65%)UTOpenLong750.5   52   50   44   75   0.71    69%0.0461.92.02%0.61.5671.3
 
16Jul_22_2020162.51176.15179.22181.32 181.18 181.31182.62(0.37%)UTOpenLong750.3   41   0   32   68   0.89    69%0.0956.42.02%0.81.4691.8
17Jul_21_2020162.37175.62178.39181.24 181.08 180.1181.94(2.02%)N/AN/A00.2   -8   -40   -25   45   0.94    69%0.0562.92.04%-1.41.5621.8
18Jul_20_2020162.29175.09177.71180.73 181.4 181.04178.34(-2.05%)UDOpenLong65-0.6   5   -0   -12   54   0.85    69%0.0670.92.05%-1.40.8652.2
19Jul_17_2020162.2174.72177.63180.02 180.76 182.06182.08(0.26%)UTOpenLong750.5   53   60   42   85   1.96    76%0.0773.22.05%0.71.8751.9
20Jul_16_2020162.08174.12176.86178.42 178.96 181.76181.61(-0.33%)UDOpenLong750.8   94   120   93   97   0.99    76%0.0474.32.09%0.32661.5
 
21Jul_15_2020162.02173.62175.92176.75 176.93 179.46182.21(1.55%)UTOpenLong751.6   111   100   116   97   1.17    76%0.0267.72.09%1.42.5691.4
22Jul_14_2020161.98172.95175.12175.18 174.94 176.17179.43(2.66%)UTOpenLong751.5   57   50   55   62   1.09    76%-0.0251.82.1%1.82.3590.9
23Jul_13_2020162.01172.23174.21174.36 174.36 174.41174.78(0.41%)UTOpenLong750.1   17   0   11   36   1.05    59%-0.09192.1%0.90.9550
24Jul_10_2020162.16171.76173.57174.93 174.55 173.7174.06(0.44%)N/AN/A0-0.3   -13   -40   -25   22   0.75    59%-0.1-2.72.19%-0.40.7561.2
25Jul_9_2020162.33171.33173.28175.04 175.41 174.25173.29(-0.59%)N/AN/A0-0.5   -16   -40   -29   22   1.1    59%-18.92.21%-0.80.6550.8
iDateema100ema20ema10 ema5 Slow Hourly
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