Illinois Tool Works(ITW)

Illinois Tool Works (ITW) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for ITW · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$273.93last close · Jul 22, 202652-week range $238.82 – $303.16 · 9.64% below the high

ITW Falling Wedge Pattern

ITW is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $263.56 (+5.0%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; ITW's own falling wedges have hit 72.0%.

DirectionBullishTarget$263.56Projected move+5.0%Breakout level$251.19

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

ITW's Most Recent Falling Wedge Trade

ITW's most recent completed falling wedge resolved as a win: it broke higher on Jun 4, 2026 near $253.72, then reached its target at $265.10 on Jul 8, 2026 — a 4.5% move (+0.98R) over 22 sessions. Across 144 backtested falling wedges, this setup wins 56.3% of the time.

OutcomeWinResult+4.5%R+0.98REntry$253.72Exit$265.10

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.4%
Avg return
+0.52R
Backtested trades
10,683
ITW win rate
72.0%

Historical pattern statistics (1987-01-30 – 2026-07-17), not a prediction.

How these backtests work →

ITW Pattern Trade History

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

PatternEntryExitOutcomeResult
Falling WedgeJun 4, 2026 @ $253.72Jul 8, 2026 @ $265.10Win+5.0% · +0.98R
Rising WedgeApr 27, 2026 @ $268.66Apr 30, 2026 @ $255.99Win+5.8% · +2.07R
Falling WedgeDec 10, 2025 @ $250.02Feb 19, 2026 @ $293.82Win+7.2% · +3.91R
Rising WedgeSep 16, 2025 @ $261.77Oct 9, 2025 @ $249.33Win+6.0% · +1.80R
Rising WedgeSep 9, 2025 @ $263.12Oct 9, 2025 @ $251.28Win+5.2% · +2.13R
Rising WedgeSep 2, 2025 @ $263.26Oct 7, 2025 @ $256.41Win+3.5% · +0.92R
TriangleJul 29, 2025 @ $259.20Aug 13, 2025 @ $267.32Loss+5.5% · -1.77R
Falling WedgeJul 1, 2025 @ $247.92Jul 15, 2025 @ $256.37Win+4.2% · +1.01R
TriangleJun 2, 2025 @ $243.40Jul 1, 2025 @ $255.19Loss+15.4% · -1.30R
TriangleMay 21, 2025 @ $247.05Jul 1, 2025 @ $255.19Loss+16.3% · -1.50R
Rising WedgeDec 10, 2024 @ $273.84Dec 27, 2024 @ $256.09Win+7.5% · +3.36R
TriangleSep 16, 2024 @ $253.41Nov 14, 2024 @ $269.87Win+7.6% · +1.35R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026BAstopped −7.9%Jul 21, 2026BDXhit target +2.8%Jul 21, 2026HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

ITW Support and Resistance Levels

Price found a floor near $250.51 about 6 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $289.74 — still about 6% away.

  • Traders commonly watch $289.74 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.
  • There's nothing to act on here — the spot to watch was the $250.51 floor about 6 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

ITW Recent Daily Prices

DateOpenHighLowClose
Jul 22, 2026$272.77$275.76$272.14$273.93
Jul 21, 2026$272.54$274.21$270.00$271.99
Jul 20, 2026$277.02$277.29$270.60$271.69
Jul 17, 2026$279.15$285.07$275.32$276.05
Jul 16, 2026$271.63$283.48$270.67$282.97
Jul 15, 2026$271.66$272.46$269.24$271.41
Jul 14, 2026$274.41$274.88$271.33$272.28
Jul 13, 2026$271.50$274.55$269.93$271.50
Jul 10, 2026$265.97$271.12$265.58$268.81
Jul 9, 2026$267.34$267.98$263.55$265.48

ITW Frequently Asked Questions

What chart pattern is ITW forming right now?
As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Illinois Tool Works (ITW) on the daily chart, with a measured-move target of $263.56.
Is a falling wedge bullish or bearish?
The falling wedge detected on ITW is a bullish pattern, projecting a measured-move target of $263.56. 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 (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.
What is the price target if ITW's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $263.56 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was ITW's closing price on Jul 22, 2026?
Illinois Tool Works (ITW) last closed at $273.93 on Jul 22, 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.