Illinois Tool Works stock forecast: down to 241.11 USD ITW stock price prognosis

STOCK

Forecast for Fri 21 Jun 2024 price 237.41

Illinois Tool Works stock price forecast for further price development down to -10.81% (time horizon: 1 day) and price target of 241.11 USD. Short-term (time horizon: 2 weeks) Illinois Tool Works share price prediction for 2024-06-21 with daily closed price projections

Key Facts

Symbol ITW 

ISIN US4523081093 

CUSIP 452308109


Currency USD


Category General Industrial Machinery & Equipment

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 12,890,000,000.0


Earnings per share 6.97


Dividends 4.49

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

The Company\'s ticker symbol is ITW. Current Year DevelopmentsRefer to Item 7. There is no assurance that any of these patents will be issued. The Company\'s businesses are impacted by economic conditions around the globe. Potential adverse outcomes in legal proceedings may adversely affect results.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/49826/000004982621000007/0000049826-21-000007.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 65.10/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - BARCLAYS PLC 2023-06-30 445318
BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL 2023-06-30 3907
CGC Financial Services, LLC 2023-06-30 36
A - Covenant Partners, LLC 2023-06-30 1797
A - Delos Wealth Advisors, LLC 2023-06-30 17

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Old Westbury Funds Inc 2023-07-31 290128 Long
DIMENSIONAL INVESTMENT GROUP INC 2023-07-31 78702 Long
INTEGRITY FUNDS 2023-07-31 14000 Long
Pacer Funds Trust 2023-07-31 16300 Long
Pacer Funds Trust 2023-07-31 927 Long

Insider trading for Illinois Tool Works

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1470159 Scheuneman Randall J 2024-02-12 SALE Accept Accept Accept Accept
1307581 Santi Ernest Scott 2024-02-12 SALE Reject Reject Reject Accept
1478669 Smith David Byron Jr 2023-11-30 BUY Accept Accept Accept Accept


Bollinger Bollinger Bands for Illinois Tool Works can provide the information where the market is moving based on price information.


Illinois Tool Works Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.



Converting prices to returns Illinois Tool Works.


On-Balance Volume information for Illinois Tool Works. On-Balance Volume information can be an indicator for bullish or bearish outcome.



Accumulation / Distribution (A/D) indicator information for Illinois Tool Works. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for Illinois Tool Works. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for Illinois Tool Works. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for Illinois Tool Works. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for Illinois Tool Works. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for Illinois Tool Works. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

Similar shares


Illinois Tool Works on Nasdaq

Illinois Tool Works on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-24 241.11 2024-04-26 11:52
2024-05-22 241.74 2024-04-26 11:52
2024-05-23 241.36 2024-04-26 11:52
2024-05-20 242.12 2024-04-26 11:52
2024-05-21 242.01 2024-04-26 11:52
2024-05-27 240.92 2024-04-26 11:52
2024-05-28 240.67 2024-04-26 11:52
2024-05-29 240.41 2024-04-26 11:52
2024-05-30 240.23 2024-04-26 11:52
2024-06-07 239.02 2024-04-26 11:52
2024-06-05 239.37 2024-04-26 11:52
2024-06-03 239.77 2024-04-26 11:52
2024-06-04 239.58 2024-04-26 11:52
2024-05-31 240.01 2024-04-26 11:52
2024-06-06 239.17 2024-04-26 11:52
2024-06-10 238.85 2024-04-26 11:52
2024-06-11 238.67 2024-04-26 11:52
2024-06-17 238.02 2024-04-26 11:52
2024-06-18 237.87 2024-04-26 11:52
2024-06-13 238.34 2024-04-26 11:52
2024-06-19 237.71 2024-04-26 11:52
2024-06-20 237.56 2024-04-26 11:52
2024-06-12 238.51 2024-04-26 11:52
2024-06-14 238.18 2024-04-26 11:52
2024-06-21 237.41 2024-04-26 11:52
2024-05-13 243.47 2024-04-26 11:52
2024-05-14 243.27 2024-04-26 11:52
2024-05-15 242.82 2024-04-26 11:52
2024-05-16 242.65 2024-04-26 11:52
2024-04-30 247.39 2024-04-26 11:52
2024-05-08 244.72 2024-04-26 11:52
2024-05-09 244.08 2024-04-26 11:52
2024-05-03 246.20 2024-04-26 11:52
2024-05-17 242.48 2024-04-26 11:52
2024-04-29 247.69 2024-04-26 11:52
2024-05-01 247.02 2024-04-26 11:52
2024-05-02 246.47 2024-04-26 11:52
2024-05-06 245.93 2024-04-26 11:52
2024-05-07 245.15 2024-04-26 11:52
2024-05-10 243.61 2024-04-26 11:52

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.