REPORTING FOR 2019-11-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how ITW has been trading over the last 2 weeks and the past day especially. On its latest session, Illinois Tool Works Inc. ($ITW) opened at 175.03, reaching a high of 175.45 and a low of 174.16 before closing at a price of 175.16. There was a total volume of 604388.
VOLUME INDICATORS FOR ILLINOIS TOOL WORKS INC. ($ITW): We saw an accumulation-distribution index of 1117.89786, an on-balance volume of -173.66, chaikin money flow of 5.14286 and a force index of 3.4354. There was an ease of movement rating of 0.01439, a volume-price trend of 23.03926 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR ILLINOIS TOOL WORKS INC. ($ITW): We noted an average true range of 1.92606, bolinger bands of 175.47647, an upper bollinger band of 171.40353, lower bollinger band of 174.16, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 174.88, high band keltner channel of 174.46, low band keltner channel of 175.3, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 174.16, a donchian channel low band of 174.16, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR ILLINOIS TOOL WORKS INC. ($ITW): We calculated a Moving Average Convergence Divergence (MACD) of -0.03231, a MACD signal of -0.01795, a MACD difference of -0.01436, a fast Exponential Moving Average (EMA) indicator of 174.16, a slow Exponential Moving Average (EMA) indicator of 174.16, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.28303, a trix of 9.61259, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -20.25481, a KST Oscillator (KST) of 131.60574 and a KST Oscillator (KST Signal) of 131.60574 (leaving a KST difference of -2.3391). We also found an Ichimoku rating of 175.24, an Ichimoku B rating of 175.24, a Ichimoku visual trend A of 158.36115, an Ichimoku visual trend B of 161.97416, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR ILLINOIS TOOL WORKS INC. ($ITW): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 95.88162, a stochastic oscillator of 307.14286, a stochastic oscillator signal of 307.14286, a Williams %R rating of 207.14286 and an awesome oscillator of 0.00617.
RETURNS FOR ILLINOIS TOOL WORKS INC. ($ITW): There was a daily return of 13.16057, a daily log return of -0.83026 and a cumulative return of -0.82683.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Illinois Tool Works Inc. ($ITW)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Illinois Tool Works Inc. ($ITW) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.