Illinois Tool Works Inc Stock Forecast

Buy candidate since Mar 18, 2025 Gain 0.63%

The Illinois Tool Works Inc stock price gained 0.628% on the last trading day (Wednesday, 19th Mar 2025), rising from $254.64 to $256.24. During the last trading day the stock fluctuated 1.23% from a day low at $254.17 to a day high of $257.29. The price has been going up and down for this period, and there has been a -1.84% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 883 thousand shares were bought and sold for approximately $226.38 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.51% during the next 3 months and, with a 90% probability hold a price between $257.14 and $282.34 at the end of this 3-month period.

ITW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 13, 2025, and so far it has risen 2.34%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Illinois Tool Works Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $259.25. On a fall, the stock will find some support from the short-term average at $253.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, February 07, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Illinois Tool Works Inc stock

Illinois Tool Works Inc finds support from accumulated volume at $254.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.12 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: $242.58 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (ITW) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Illinois Tool Works Inc to open at $255.90, and during the day (based on 14 day Average True Range), to move between $250.45 and $262.03, which gives a possible trading interval of +/-$5.79 (+/-2.26%) up or down from last closing price. If Illinois Tool Works Inc takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $254.82 (0.55%) than the resistance at $265.11 (3.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Dividend Warning For ITW

Dividend coming up for ITW: Ex-dividend date (Monday 31st March, 2025) is 10 days away. The dividend is $1.50.

Is Illinois Tool Works Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Illinois Tool Works Inc stock to perform well in the short-term.

Current score: 2.138 Buy Candidate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on March 20, 2025 - $255.90 ( 0.133%).