Illinois Tool Works stock is now in both the short-term, medium-term and long-term downtrends as the price crossed both the 100-day and 20-day moving averages yesterday. However, the clarity of the downtrends in all time horizons is not quite certain yet, as the price is only 0.23 percent below the 20-day moving average at 193.61, which was also crossed only yesterday and is only 0.06 percent below is the 100-day moving average.
As long as no GD is crossed up, the next price target is the 6-month low of 183.10 marked on April 14, 2022, which means that there is a provisional downside potential of 5.21 percent.
Illinois Tool Works in peer group comparison
The strongest stock in the peer group comparison is currently the Caterpillar share with a GD-200 gap of 14.73%.