Illinois Tool Works Stock Technical Analysis
ITW Stock | USD 250.46 1.63 0.66% |
As of the 20th of April, Illinois Tool retains the Market Risk Adjusted Performance of 0.0136, risk adjusted performance of 0.0121, and Downside Deviation of 0.9772. Illinois Tool technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Illinois Tool Works, which can be compared to its competitors. Please check out Illinois Tool Works coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Illinois Tool is priced fairly, providing market reflects its last-minute price of 250.46 per share. Given that Illinois Tool Works has jensen alpha of (0.06), we strongly advise you to confirm Illinois Tool Works's regular market performance to make sure the company can sustain itself at a future point.
Illinois Tool Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Illinois, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IllinoisIllinois |
Illinois Tool Analyst Consensus
Target Price | Advice | # of Analysts | |
239.07 | Hold | 21 | Odds |
Most Illinois analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Illinois stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Illinois Tool Works, talking to its executives and customers, or listening to Illinois conference calls.
Illinois Tool technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Illinois Tool Works Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Illinois Tool Works volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Illinois Tool Works Trend Analysis
Use this graph to draw trend lines for Illinois Tool Works. You can use it to identify possible trend reversals for Illinois Tool as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Illinois Tool price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Illinois Tool Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Illinois Tool Works applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that Illinois Tool Works will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 52.94, which is the sum of squared deviations for the predicted Illinois Tool price change compared to its average price change.About Illinois Tool Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Illinois Tool Works on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Illinois Tool Works based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Illinois Tool Works price pattern first instead of the macroeconomic environment surrounding Illinois Tool Works. By analyzing Illinois Tool's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Illinois Tool's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Illinois Tool specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0188 | 0.0226 | 0.0204 | 0.0135 | Price To Sales Ratio | 5.38 | 4.28 | 4.92 | 5.17 |
Illinois Tool April 20, 2024 Technical Indicators
Most technical analysis of Illinois help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Illinois from various momentum indicators to cycle indicators. When you analyze Illinois charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0121 | |||
Market Risk Adjusted Performance | 0.0136 | |||
Mean Deviation | 0.6849 | |||
Semi Deviation | 0.9526 | |||
Downside Deviation | 0.9772 | |||
Coefficient Of Variation | 6470.43 | |||
Standard Deviation | 0.8357 | |||
Variance | 0.6984 | |||
Information Ratio | (0.09) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.10) | |||
Sortino Ratio | (0.07) | |||
Treynor Ratio | 0.0036 | |||
Maximum Drawdown | 3.43 | |||
Value At Risk | (1.62) | |||
Potential Upside | 1.08 | |||
Downside Variance | 0.955 | |||
Semi Variance | 0.9075 | |||
Expected Short fall | (0.62) | |||
Skewness | (0.51) | |||
Kurtosis | (0.32) |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Illinois Tool Works. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Illinois Stock analysis
When running Illinois Tool's price analysis, check to measure Illinois Tool's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.
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Is Illinois Tool's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Illinois Tool. If investors know Illinois will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Illinois Tool listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 5.42 | Earnings Share 9.73 | Revenue Per Share 53.229 | Quarterly Revenue Growth 0.003 |
The market value of Illinois Tool Works is measured differently than its book value, which is the value of Illinois that is recorded on the company's balance sheet. Investors also form their own opinion of Illinois Tool's value that differs from its market value or its book value, called intrinsic value, which is Illinois Tool's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Illinois Tool's market value can be influenced by many factors that don't directly affect Illinois Tool's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Illinois Tool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illinois Tool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illinois Tool's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.