Illinois Tool WorksITW

Illinois Tool Works (ITW) chart patterns, support & resistance & technical analysis

Auto-detected technical analysis for ITW · data as of Sep 9, 2026. The chart above is live; the read below updates daily.

$266.10last close · Sep 9, 202652-week range $238.82 – $303.16 · 12.22% below the high

ITW falling wedge pattern

ITW is currently forming a falling wedge on the daily timeframe. Detected Sep 9, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $264.02 (+5.0%).

DirectionBullishTarget$264.02Projected move+5.0%Breakout level$251.65

New to this pattern? What a falling wedge is and how to trade it →

ITW's most recent rising wedge trade

ITW's most recent completed rising wedge (which broke against type) resolved as a loss: it broke higher on Jul 28, 2026 near $298.71, then was stopped out at $290.11 on Aug 14, 2026 — a 2.9% move (-0.38R) over 13 sessions. Across 151,040 backtested rising wedges, this setup wins 37.9% of the time.

OutcomeLossResult-2.9%R-0.38REntry$298.71Exit$290.11

Learn about rising wedge

ITW pattern trade history

Every completed pattern trade our nightly backtest found on ITW's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Rising wedge	Jul 28, 2026 @ $298.71	Aug 14, 2026 @ $290.11	Loss	+3.6% · -0.38R
Falling wedge	Jun 4, 2026 @ $253.72	Jul 9, 2026 @ $267.34	Win	+4.5% · +1.79R
Triangle	Apr 30, 2026 @ $250.00	Jul 6, 2026 @ $274.36	Loss	+17.8% · -1.00R
Rising wedge	Jan 29, 2026 @ $263.47	Feb 20, 2026 @ $293.70	Win	+5.5% · +5.16R
Triangle	Dec 3, 2025 @ $251.19	Dec 17, 2025 @ $250.54	Loss	+0.8% · -0.12R
Falling wedge	Nov 25, 2025 @ $245.98	Dec 17, 2025 @ $250.54	Win	+3.9% · +0.97R
Triangle	Nov 19, 2025 @ $239.57	Nov 21, 2025 @ $247.85	Loss	+0.9% · -1.00R
Rising wedge	Oct 7, 2025 @ $256.01	Oct 13, 2025 @ $243.88	Win	+4.7% · +1.01R
Triangle	Oct 1, 2025 @ $258.05	Oct 8, 2025 @ $253.22	Win	+1.9% · +0.49R
Rising wedge	Oct 1, 2025 @ $258.60	Oct 29, 2025 @ $241.94	Win	+6.4% · +1.77R
Triangle	Sep 24, 2025 @ $258.73	Oct 8, 2025 @ $252.88	Win	+2.3% · +0.63R
Rising wedge	Sep 3, 2025 @ $260.60	Oct 13, 2025 @ $243.61	Win	+6.5% · +1.67R

Falling wedge examples on other charts

Historical examples from the published simulation. This selection is not a win-rate sample.

Open ACGL’s live chart →

Open ACIW’s live chart →

Open BH’s live chart →

DOCNDigitalocean

Losing trade · −16.6%

Opened Sep 2, 2026

Closed Sep 8, 2026

Open DOCN’s live chart →

Learn about falling wedge

ITW support and resistance levels

Price was turned away at a ceiling near $301.11 about 4 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $248.47 — still about 7% away.

Traders commonly watch $248.47 as a target (its 61.8% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $301.11 ceiling about 4 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

ITW recent daily prices

Date	Open	High	Low	Close
Sep 9, 2026	$267.14	$268.26	$265.40	$266.10
Sep 8, 2026	$268.77	$271.24	$267.23	$268.69
Sep 4, 2026	$270.94	$273.86	$269.35	$270.12
Sep 3, 2026	$271.86	$272.59	$267.81	$271.65
Sep 2, 2026	$270.53	$270.53	$265.89	$269.09
Sep 1, 2026	$275.04	$276.76	$268.96	$269.88
Aug 31, 2026	$279.05	$279.50	$274.86	$275.37
Aug 28, 2026	$283.35	$284.43	$278.50	$280.10
Aug 27, 2026	$283.30	$283.38	$279.25	$281.67
Aug 26, 2026	$283.01	$286.26	$282.24	$285.51

ITW frequently asked questions

What chart pattern is ITW forming right now?

As of Sep 9, 2026, TradingPal's detector identifies a falling wedge on Illinois Tool Works (ITW) on the daily chart, with a measured-move target of $264.02.

Is a falling wedge bullish or bearish?

The falling wedge detected on ITW is a bullish pattern, projecting a measured-move target of $264.02. See its full backtested track record above — that's the real edge, not the textbook label.

What is the price target if ITW's pattern breaks out?

The detected falling wedge has a geometry-based measured-move target of $264.02 (pattern height projected from the breakout). This is a technical target, not a recommendation.

What was ITW's closing price on Sep 9, 2026?

Illinois Tool Works (ITW) last closed at $266.10 on Sep 9, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.