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Takip Edin: @UscMarketsITW Stock Forecast & Illinois Tool Works Chart Analysis
This article provides a detailed analysis of ITW-Illinois Tool Works stock including a forecast for ITW shares. It features Illinois Tool Works Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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ITW Historical Data Review
ITW Current Price Performance Analysis
The Illinois Tool Works - ITW stock traded on the American stock market, on 06-05-2024, closed at 241.4$ with a %0.30 increased compared to the previous day.
In the last month, the price of ITW changed by %-1.55 decreased in value, from 245.19 dollars on 05-06-2024 to 241.4 dollars, decreased.
Last year, the price of ITW was 228.98 dollars on 06-06-2023, and changed by %5.42 increased in value, to 241.4 dollars increased within a year.
The price of Illinois Tool Works stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
ITW with AI Stock Forecast & Price Target
On the ITW chart Illinois Tool Works price was recorded as 241.4 Dollars on 06/05/2024.
The artificial intelligence's forecast on ITW stock is as follows.
The artificial intelligence's prediction error margin for ITW stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Illinois Tool Works stock over the next 4 months is: 242.9 Dollars.
The commentary on ITW stock Target Price: Highest: 256.032 Dollars is predicted.
The commentary on ITW stock Target Price: Lowest: 231.251 Dollars is predicted.
Resistance Price where Illinois Tool Works stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 251.815 |
| 10-08-2024 | 242.077 |
| 12-12-2024 | 256.032 |
| 02-20-2025 | 242.245 |
| 03-12-2025 | 242.591 |
Support Price where Illinois Tool Works stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 231.251 |
| 11-07-2024 | 238.567 |
| 02-05-2025 | 242.001 |
| 02-25-2025 | 241.995 |
| 03-27-2025 | 242.018 |
The commentary on ITW stock: Fluctuations in the target price can be expected in the coming days.
The target price for Illinois Tool Works stock by the end of 2024 is predicted to be 250.825 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ITW stock, and the 2024 target price predictions for Illinois Tool Works are detailed above.
The technical analysis and charts for the commentary on ITW stock are below.
ITW Support & Resistance and Trend Analysis
ITW stock you have reviewed the technical analysis support resistance charts regarding.
ITW : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ITW review, the Illinois Tool Works support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Illinois Tool Works Support and Resistance Prices:
| ITW Support Level Price | ITW Resistance Level Price |
|---|---|
| 234.60 | 252.35 |
| 239.46 | 252.71 |
| 249.24 | 259.33 |
| 249.59 | 260.99 |
| 250.02 | 265.00 |
| 254.01 | 266.81 |
| 261.55 | 266.95 |
| 267.12 | |
| 271.15 |
ITW Technical Analysis: SMA, RSI, MACD
Upon reviewing the ITW chart, buy and sell signals have been generated in the Illinois Tool Works technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ITW stock are as follows:- ITW technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Illinois Tool Works gave a 'Buy' signal when the RSI was at 24.569, with the current RSI value at 36.855.
- The technical analysis for Illinois Tool Works indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Illinois Tool Works stock: Click here to read more predictions on Stellantis N.V. stock.
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