ITW Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for ITW's stock price next week:
Technical Analysis
- Current price: $259.90
- RSI (14): 53.76, indicating neutral momentum
- MACD: -1.15, showing bearish divergence
- Key fibonacci levels:
- Resistance: $261.01 (R1), $265.65 (R2)
- Support: $245.97 (S1), $241.32 (S2)
- 20-day SMA: $254.29
- 200-day SMA: $251.33
News Sentiment & Fundamental Factors
- ITW will report Q4 2024 earnings on February 5, 2025
- Analysts expect EPS of $2.50, up 3.3% YoY
- The stock has underperformed compared to S&P 500 and Industrial sector over past year
- Analyst consensus is cautious with "Hold" rating and average price target of $269.33
Price Prediction for Next Week Based on technical indicators and upcoming earnings:
- Expected trading range: $258-$263
- Most likely scenario: Sideways consolidation with slight upward bias
- Key resistance at $261.01 (Fibonacci R1)
- Support at 20-day SMA ($254.29)
Trading Recommendation HOLD position or take small long positions with:
- Entry: Current price ($259.90)
- Stop loss: Below $254.29 (20-day SMA)
- Take profit: $261.01 (Fibonacci R1)
The stock is likely to trade sideways with limited upside until earnings release on February 5. Conservative investors should wait for earnings results before making major position changes.
ITW Similar Chart Price Prediction
The price of ITW is predicted to go up -2%, based on the high correlation periods with SWK. The similarity of these two price pattern on the periods is 97.96%.
ITW
SWK
Down: -2%Similarity: 97.96%
ITW Revenue Forecast
ITW EPS Forecast
ITW FAQs
What is revenue forecast for next quarter？
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ITW VS S&P500
ITW has institutionalized a winning entrepreneurial culture that empowers its people, focuses on its most important customers, and emphasizes efficiency.
The firm still has an appreciable runway for margin expansion through measures like product line simplification.
ITW's end markets are exposed to a multitude of secular trends that should help the firm capitalize on its organic growth opportunities.
ITW Analyst's Forecast
Andrew Kaplowitz
Citigroup
Hold
Price Target
$279 → $265
Upside
+6.13%
Citi analyst Andrew Kaplowitz lowered the firm's price target on Illinois Tool Works to $265 from $279 and keeps a Neutral rating on the shares. The Q4 earnings for industrial conglomerates and electrical equipment names should be largely in-line with expectations and reflective of "still mixed" underlying demand trends among industrial end markets with currency headwinds contributing to some earnings pressure that likely limits potential upside, the analyst tells investors in a research note. The firm says that with investors focused on 2025, it sees some "ongoing bifurcation" with respect to growth expectations as likely to continue into the new year. Citi's top picks into Q4 include Flowserve (FLS), Vertiv (VRT), Dover (DOV), and Honeywell (HON).
Julian Mitchell
Barclays
Hold
Price Target
$270 → $265
Upside
+7.02%
Nathan Jones
Stifel
Hold
Price Target
$262 → $268
Upside
-1.82%