Stand aside — setup invalidated
Setup score 50, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
ITW · Illinois Tool Works Inc.
$276.22 +0.17% Oct 26 close
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$ITW
Illinois Tool Works Inc.Illinois Tool Works Inc. is a large-cap Auto Parts: OEM company in the Producer Manufacturing sector with a market cap of $79B.
Market Structure
Trend structure: downtrend
Latest event: structure_shift
(bullish)
Support
244.37–248.63
· 9 touches · strong
Support
261.35–264.27
· 7 touches · strong
Support
253.59–255.69
· 5 touches · strong
Support
268.41–270.79
· 5 touches · strong
Support
273.25–275.60
· 4 touches · moderate
Verdict · setup score 50/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 50, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 1.2 150-day MA > 200-day MA — MA150 $268.45 vs MA200 $270.21
- Minervini 1.8 RS rank ≥ 70 (prefer ≥ 85) — RS rank 43
- O'Neil C: Quarterly EPS acceleration ≥ 25% — -2.2% QoQ
- O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 43
- Weinstein Stage 2 (Advancing phase) confirmed — Stage 3 (Topping)
- Weinstein Volume expansion above average — Volume ratio 1.27x
Minority view — the council disagrees here
- Minervini: avoid Trend-template read: fails 150-day MA > 200-day MA.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: avoid Stage-analysis read: topping (Stage 3) is not an advancing Stage 2.
48
Weak
Legend Score · rates the stock
Weak (48/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 43
- Trend Template (25%) 62
- Institutional Footprint (20%) 63
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 33
RS rank 43: middle of the pack — no leadership yet. Trend template 5/8: mixed — some uptrend elements, some missing. Institutional score 63: mild accumulation. EPS -0% last quarter — no earnings momentum. Quality 33: weak fundamentals (sales growth 30, return on equity 44, leverage 20). Updated 2026-10-27.
Earnings
Post-earnings setup
Next earnings
Tuesday, October 27, 2026
Before market open
Exact clock time not supplied by source
Deterministic evidence
ITW+0.17%
Sector proxy · XLI+1.42%
Broad market · SPY+0.71%
CatalystUnavailable
Stock reactionPositive
Sector reactionSupportive
Opening surge—
Event riskEarnings-driven
Session internals Green but fading
Rule: closed up but below the open and in the bottom third of the range. Judged on internals, not on the size of the move.
Vs prior close+0.17%
From the open-0.33%
Range position7%
GapNo gap
QQQ confirmationConfirming (+1.11%)
SMH confirmationConfirming (+2.74%)
⚠ Green but fading. The day closed below its open and in the lower third of the range. This is not strong momentum, whatever the headline percentage says.
Short-term conviction -1 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- Session closed below its open and in the lower third of the day's range — green on the day, but the move faded.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$238.82
Tight Wks
2
Base
B1
SMA 200
$270.21
RS Line vs High
-17.9%
RS Line Slope
+3.3% ▲
Group Rank
#61/66
ADR%
2.1%
ATR(14)
$5.52 (2.0%)
Vol Pace (live)
N/A
A/D Days
13A / 11D
A/D Rating
B
VDU Bars
0/10 d
Earnings
TODAY
ITW Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$ITW · $276.22 · as of 2026-10-26 · multi-factor read
70
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▬ Sideways / consolidating
Weekly
▬ Sideways / consolidating
Monthly
▬ Sideways / consolidating
Moving Averages
50-day$271.93 ↑
100-day$273.08 ↑
200-day$270.21 ↑
Bullish (50 > 200)
RSI (14)
Reading57.7 · Bullish
Bullish momentum — comfortably in buyer territory.
MACD (12/26/9)
StateBullish
Histogram+1.499
Bullish — MACD above its signal line and above zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width82% · 9.1%
Near the upper band — buyers in control.
Volume · Buyer vs Seller
Up/Down vol0.9 · Neutral
Rel volume1.27×
Pocket pivots · 10d1
5d vs 50d vol124%
Heavy vol up / down1 / 2
Balanced — up/down volume is roughly even; no clear hand. Recent volume is expanding versus its baseline.
- Pocket pivot 2 sessions ago — up-day volume beat every down day of the prior 10 sessions.
- 2 heavy-volume down days vs 1 up in the last 20 sessions — supply is showing.
Support & Resistance
R · $285.07swing level
R · $301.23swing level
Price · $276.22now
S · $262.45swing level
S · $255.05swing level
S · $247.00swing level
Fibonacci · Uptrend swing
23.6%$287.79
38.2% ◄ price here$279.05
50.0%$271.99
61.8%$264.92
78.6%$254.86
Retracement support zones measured from the recent swing low up to the high.
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Above 200-day MA50/200 bullish
Want this read in a legend's voice?
Ask a Legend about ITW
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (50/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
5 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
D
Trend-template read: fails 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $276.22, MA150 $268.45, MA200 $270.21
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $271.93, MA150 $268.45, MA200 $270.21
Failing evidence
1.2 150-day MA > 200-day MAMA150 $268.45 vs MA200 $270.21
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 43
O'Neil
Avoid
D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
A: Annual earnings & revenue qualityRev +0.9% | ROE 97.4%
N: Near 52-week high or RS line new high8.9% below high | RS line new high: False
Failing evidence
C: Quarterly EPS acceleration ≥ 25%-2.2% QoQ
L: RS rank ≥ 80 (IBD leadership)RS rank 43
Weinstein
Avoid
D
Stage-analysis read: topping (Stage 3) is not an advancing Stage 2.
Passing evidence
Price above 30-week MA (200-day proxy)Price $276.22 vs MA200 $270.21
30-week MA trending upwardFrom weekly scan context
Failing evidence
Stage 2 (Advancing phase) confirmedStage 3 (Topping)
Volume expansion above averageVolume ratio 1.27x
dennis
Watch
B
Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $255.69
Volatility-unit sizing (1N ≈ 1% of equity)1N = $5.47 (1.98% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Avoid
D
Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $317.65-$331.46; trail the rest
Trail on the 10/20-day MA10-day MA $273.24 · 20-day MA $268.35 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlyFalling Wedge is not one of Zanger's six
Not extended (≤5% above the breakout point)Not confirmed
zweig
Watch
D
Zweig read: part of his screen passes but not all: EPS growth above the market (≥15% QoQ); Insider buying; Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 26.3x — no PEG or forward P/E stored
Breadth momentum: 10-day A/D ratio10-day A/D 1.18 (2050 adv / 1742 dec) — participation expanding
Failing evidence
EPS growth above the market (≥15% QoQ)-2.2% QoQ — Zweig wants growth above the S&P average
Insider buyingNo insider buying flagged
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$276.22
Volume vs average1.27x
Failing evidence
Relative strengthRS 43
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$276.22
Volume vs average1.27x
Failing evidence
Relative strengthRS 43
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$276.22
Volume vs average1.27x
Failing evidence
Relative strengthRS 43
Sign of Strength confirmed on expanding volume1.27x average volume — needs ≥1.4x
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
Latest candle: Shooting Star — Long upper shadow with a small body near the low — sellers rejected higher prices. A caution flag when price is extended above a pivot.
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +1
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C
3/7 criteria
Separate score from the Minervini Trend Template (5/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
-2%
Revenue growth ≥20% YoY
+1%
Gross margin ≥30%
44%
ROE ≥17%
97%
RS rating ≥80 (leadership)
43
Stage 2 uptrend (Weinstein)
Stage 3
Within 25% of 52W high
-8.9%
Method Playbook
Trade it like Zweig
EXACT LEVELS · PRO
Zweig D · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use the stock's recent consolidation high — Zweig buys strength in screened growers, not breakdowns.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Buy only when the growth screen passes: EPS growth above the market, PEG ≤ 1.5 (reasonable for the growth), insider buying, and RS leadership.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Define the loss before entry — Zweig's risk rule. Sell when the growth story breaks: earnings decelerate or the valuation stretches past reason.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Hold winners as long as earnings keep growing and the price holds its trend; sell half on a climax run.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit when EPS growth falls below the market, the PEG stretches past reason, insiders stop buying — or the Super Model flips the market to defensive.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Pattern Analysis
50
setup score
RS Score
43
Trend template
5/8
CANSLIM
64.3* (C)
upper slope: -0.7306
lower slope: -0.6246
depth: 0.0624
narrowing ratio: 0.66
prior decline: 0.153
upper touches: 3
lower touches: 3
vol declining: ✗
validation reason: valid generic setup
multi tf evaluated: ✓
multi tf reason: weekly trend template 5/8 confirmed
Why This Setup?
D+W Confluence
Falling Wedge · schematic
prior_decline=15.3%, converging=yes, narrowing=66%, touches=upper:3/lower:3, near_upper=yes | Moderate trend (5/8) | Moderate pattern (65%) | Tight base (2 tight wks) | Readiness 38/100 (early) | CANSLIM 64.3 (C) | ⚠ Extended past buy zone; Not actionable yet
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
1/7
universals met
- A relative-strength leader — not met RS rank 6 — laggard
- Clear of earnings — not met in 0 days — event risk
- Asymmetric reward — partly met Partly met — levels are a Pro detail
- In a confirmed uptrend — partly met Stage 3 · Trend template 5/8 — not yet Stage 2
- Not chasing (in range) — partly met Partly met — levels are a Pro detail
- Volume confirms — partly met 1.3× average — light
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
5/8Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$276.22 vs SMA150 $268.45 / SMA200 $270.21
SMA 150 above SMA 200
SMA150 $268.45 vs SMA200 $270.21
SMA 200 trending up
Slope +1.62 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $271.93
Price above SMA 50
$276.22 vs SMA50 $271.93
30%+ above 52-week low
+15.7% from $238.82
Within 25% of 52-week high
-8.9% from $303.15
RS score above 70
RS 43
Fundamentals
52W Range
58%
Mkt Cap SEC
78.7B
EPS QoQ
-2%
Rev YoY
+1%
ROE
97%
Gross Margin
44%
D/E
2.78
EPS TTM
$10.49
P/E TTM
26.3x
Float
285M
Insider
No Buy
Company
Company profile
Illinois Tool Works Inc.
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
C
64.3* CANSLIM
* disqualified on C, M
C · Curr. EPS
52
A · Annual EPS
100
N · New Highs
100
S · Supply/Demand
85
L · Leader RS
43
I · Inst. Spons.
100
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
5/8
W. RS
53
W. Support
$242.05
W. Resist
$301.92
W. Patterns
Cup & Handle
Double Bottom
Weekly Structure
Trend
Rising
Tight Weeks
2
Confirmation
Constructive
Scan History
20× streakOct 27
Falling Wedge
50
Oct 27
Falling Wedge
50
Oct 26
Falling Wedge
42
0.0%
Oct 23
Falling Wedge
52
+0.2%
Oct 23
Falling Wedge
44
+0.2%
Latest News
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