Illinois Tool Works (ITW) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for ITW · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$270.60last close · Jun 25, 2026
ITW Falling Wedge Pattern
No chart pattern is currently detected on ITW. The most recent was a Falling Wedge, detected Jun 3, 2026.
A Falling Wedge is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $265.51 (+5.6%). Across 13,048 backtested falling wedges, the setup followed through 53.9% of the time, averaging +0.38R; ITW's own falling wedges have hit 59.5%.
ITW's most recent completed Falling Wedge resolved as a win: it broke higher on Jun 4, 2026 near $251.12, then reached its target at $265.51 on Jun 16, 2026 — a +1.59R move (5.7%) over 8 sessions. Across 165 backtested falling wedges, this setup wins 55.8% of the time.
OutcomeWinResult+1.59REntry$251.12Exit$265.51
How Falling Wedges have performed
Win rate
53.9%
Avg return
+0.38R
Backtested trades
13,048
ITW win rate
59.5%
Historical pattern statistics (1986-12-19 – 2026-06-10), not a prediction.
ITW support and resistance levels
Price found a floor near $243.64 about 3 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $289.67 — still about 8% away.
Traders commonly watch $289.67 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
Nothing here is a signal to act — the long would have set up at the $243.64 floor about 3 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh entry.
Nearest auto-detected support sits near $244.06, resistance near $290.02. These are chart/swing-derived levels, not formula pivots.
Resistance
$290.02$291.63$355.10$370.26$396.86
Support
$244.06$219.46$210.88
ITW recent daily prices
Date
Open
High
Low
Close
Jun 25, 2026
$265.87
$273.25
$265.28
$270.60
Jun 24, 2026
$262.49
$265.55
$261.77
$263.68
Jun 23, 2026
$263.03
$264.90
$261.25
$261.64
Jun 22, 2026
$263.57
$266.36
$261.86
$265.31
Jun 18, 2026
$264.98
$269.51
$263.54
$264.09
Jun 17, 2026
$265.43
$269.12
$261.00
$262.11
Jun 16, 2026
$264.37
$266.57
$263.37
$265.78
Jun 15, 2026
$259.85
$263.47
$259.31
$262.51
Jun 12, 2026
$256.68
$257.48
$254.15
$257.43
Jun 11, 2026
$250.91
$256.03
$250.64
$254.45
ITW frequently asked questions
What chart pattern is ITW forming right now?
No pattern is currently detected on ITW. The most recent was a Falling Wedge, detected Jun 3, 2026.
Is a Falling Wedge bullish or bearish?
The Falling Wedge detected on ITW is a bullish pattern, projecting a measured-move target of $265.51. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Falling Wedge pattern, and what is its win rate?
Across TradingPal's backtest of the Falling Wedge family (13,048 trades over 516 symbols), it resolved in the expected direction 53.9% of the time with an average of +0.38R. These are historical statistics, not a prediction.
What are the support and resistance levels for ITW?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), ITW's nearest support is around $244.06 and nearest resistance around $290.02.
What is the price target if ITW's pattern breaks out?
The detected Falling Wedge has a geometry-based measured-move target of $265.51 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ITW's closing price on Jun 25, 2026?
Illinois Tool Works (ITW) last closed at $270.60 on Jun 25, 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.
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