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

Auto-detected technical analysis for ITW · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$295.06last close · Aug 4, 202652-week range $238.82 – $303.16 · 2.67% below the high

ITW Falling Wedge Pattern

ITW is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 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%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; ITW's own falling wedges have hit 68.8%.

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 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 +0.98R move (4.5%) over 22 sessions. Across 196 backtested falling wedges, this setup wins 54.1% of the time.

OutcomeWinResult+0.98REntry$253.72Exit$265.10

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
ITW win rate
68.8%

Historical pattern statistics (2006-08-04 – 2026-08-03), 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+0.98R
Rising WedgeApr 27, 2026 @ $268.66Apr 30, 2026 @ $255.17Win+2.21R
Falling WedgeDec 10, 2025 @ $250.02Feb 19, 2026 @ $293.82Win+3.91R
Rising WedgeSep 16, 2025 @ $261.77Oct 9, 2025 @ $248.00Win+1.99R
Rising WedgeSep 9, 2025 @ $263.12Oct 9, 2025 @ $251.28Win+2.13R
Rising WedgeSep 2, 2025 @ $263.26Oct 7, 2025 @ $256.41Win+0.92R
TriangleJul 29, 2025 @ $259.20Aug 13, 2025 @ $267.32Loss-1.77R
Falling WedgeJul 1, 2025 @ $247.92Jul 15, 2025 @ $256.37Win+1.01R
TriangleJun 13, 2025 @ $243.44Jul 1, 2025 @ $255.19Loss-1.81R
TriangleJun 2, 2025 @ $243.78Jul 1, 2025 @ $255.19Loss-1.31R
Rising WedgeDec 10, 2024 @ $273.84Dec 27, 2024 @ $256.09Win+3.36R
TriangleSep 16, 2024 @ $253.41Nov 14, 2024 @ $269.87Win+1.35R

ITW Support and Resistance Levels

Price found a floor near $251.45 about 8 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $364.27 — still about 23% away.

  • Traders commonly watch $364.27 as a target (its 200% 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 $251.45 floor about 8 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.

Nearest auto-detected support sits near $292.26, resistance near $295.50. These are chart/swing-derived levels, not formula pivots.

Resistance
$295.50$360.63$385.90$464.33
Support
$292.26$246.53$246.50$243.39

ITW Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$284.92$296.33$284.36$295.06
Aug 3, 2026$288.51$291.75$285.52$288.49
Jul 31, 2026$282.51$287.99$281.87$286.95
Jul 30, 2026$296.24$296.24$281.95$283.70
Jul 29, 2026$298.60$298.60$289.57$292.45
Jul 28, 2026$298.71$301.92$293.26$295.16
Jul 27, 2026$284.01$287.94$283.68$284.82
Jul 24, 2026$278.04$283.03$276.23$283.02
Jul 23, 2026$273.43$277.03$271.27$276.91
Jul 22, 2026$272.77$275.76$272.14$273.93

ITW Frequently Asked Questions

What chart pattern is ITW forming right now?
As of Aug 4, 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.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. 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 Aug 4, 2026), ITW's nearest support is around $292.26 and nearest resistance around $295.50.
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 Aug 4, 2026?
Illinois Tool Works (ITW) last closed at $295.06 on Aug 4, 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.