Question 1

What does the Stochastic Oscillator suggest about ITW's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 2

How did ITW's Momentum indicator behave recently?

Accepted Answer

ITW saw its Momentum Indicator move above the 0 level on August 19, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In 57 of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for ITW?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for ITW turned negative on August 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In 21 of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

What is the significance of the 50-day moving average indicator for ITW?

Accepted Answer

ITW moved above its 50-day moving average on August 16, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for ITW?

Accepted Answer

The 10-day moving average for ITW crossed bearishly below the 50-day moving average on August 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day price advance indicate for ITW?

Accepted Answer

Following a +1.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where ITW advanced for three days, in 184 of 350 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for ITW's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ITW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 45%.

Question 8

How does the Aroon Indicator reflect on ITW's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 119 of 260 cases where ITW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

ITW Stock Illinois Tool Works (ITW, $243.92) RSI Indicator left the oversold zone on May 03, 2024

Momentum Indicator for ITW turns positive, indicating new upward trend

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