Illinois Tool Works Technical Analysis (NYSE:ITW)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Illinois Tool Works stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ITW stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Illinois Tool Works. Technical analysis uses an approach for Illinois Tool Works stock analysis that does not care for the fair value of a company but uses price and volume data only.
Illinois Tool Works Moving Average
Moving averages show the average price of ITW stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Illinois Tool Works are mostly signals of long term trends and will help long term traders.
Illinois Tool Works Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ITW stock. The stock price is trading between the average and the upper band in the context of Illinois Tool Works bollinger bands.
Illinois Tool Works Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Illinois Tool Works MACD line is above the signal line.
Illinois Tool Works Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of ITW stock is 84.62.