ITW - What Illinois Tool Works is Telling us About its Future
The next move in a stock's price is often identifiable in advance. This Illinois Tool Works (NYSE: ITW) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for ITW make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 205.50 | |||
| P2 | |||
| 207.58 | |||
| 207.31 | |||
| 218.04 | |||
| P3 | |||
| 212.88 | |||
| 212.26 | |||
| 228.85 |
Long Term Trading Plans for ITW
March 8, 2021, 7:00 pm ET
The Technical Summary and Trading Plans for ITW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ITW Report.
ITW - (Long) Support Plan
The technical summary data tells us to buy ITW near 205.50 with an upside target of 218.04. This data also tells us to set a stop loss @ 204.91 to protect against excessive loss in case the stock begins to move against the trade. 205.50 is the first level of support below 213.4 , and by rule, any test of support is a buy signal. In this case, support 205.50 would be being tested, so a buy signal would exist.
ITW - (Short) Resistance Plan
The technical summary data is suggesting a short of ITW as it gets near 218.04 with a downside target of 205.50. We should have a stop loss in place at 218.67though. 218.04 is the first level of resistance above 213.4, and by rule, any test of resistance is a short signal. In this case, if resistance 218.04 is being tested, so a short signal would exist.