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Asset Summary

Daily Performance Report for ITW ETF: Dec 23, 2024

Summary: The day started with ITW ETF opening at $257.5 and closing at $257.32. The ETF showed weakness throughout the day, with the highest price observed at $260.67 and the lowest at $256.37. The underlying asset had a trading range of $4.30 Overall, it was a negative trading day for ITW ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.18 or -0.07% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for ITW ETF was 86,127 units during Dec 23, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $257.5.

Highest Price: The highest price observed during the day was $260.67.

Lowest Price: The lowest price observed during the day was $256.37.

Closing Price: The day ended at $257.32.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

ITW produces a range of products, including fasteners, equipment, and specialized consumables for various industries.

ITW operates in seven segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, and more.

ITW serves a variety of industries, including automotive, construction, food equipment, and packaging.

ITW provides extensive customer support through technical assistance, training, and product customization.

ITW is committed to sustainability through initiatives that focus on reducing waste and energy consumption.

Illinois Tool Works was founded in 1912 and has since evolved into a major player in the manufacturing sector.

ITW has a strong financial track record, consistently delivering growth in revenue and shareholder value.

Investors can visit ITW’s official website to access investor relations information and financial reports.

Illinois Tool Works is headquartered in Glenview, Illinois, USA.

Yes, ITW promotes a strong corporate culture centered on integrity, innovation, and operational excellence.

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