WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
USA - NYSE:WAL - US9576381092 - Common Stock
86.75 USD
+1.27 (+1.49%)
86.75 USD
0 (0%)
We assign a technical rating of 4 out of 10 to WAL. WAL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
WAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WAL is lagging the market slightly.
In the last month WAL has a been trading in the 84.05 - 92.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WAL has an average volume of 1019480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, WAL outperforms 47% of them, which is more or less in line with the market.
WAL is part of the Banks industry. There are 392 other stocks in this industry, WAL did better than 45% of them.
Although the technical rating is only medium, WAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 90.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.74, a Stop Loss order could be placed below this zone.
More info and screens
64.05
94.94
We found 2 important support areas.
- A support zone ranging from 83.86 to 86.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @90.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 93.74 to 94.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WAL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAL is down. |
| ChartMill Relative Strength | 47.11 | NEUTRAL | WAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.37 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests WAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.11 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for WAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
86.75
+1.27 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.49%
1 Week-1.72%
2 Weeks-4.65%
1 Month-4.3%
3 Month1.94%
6 Month39.69%
12 Month2.77%
2 Year111.07%
3 Year29.15%
5 Year110.56%
10 Year142.66%
15 Year1336.26%
Volatility
ATR(14)2.51
ATR(20)%2.75%
ATR Inc-20.96%
Range Today1.36
ADR(20)2.33
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.11
Mansfield-0.54
10 Day High91.77
10 Day Low84.05
20 Day High92.2
20 Day Low84.05
52 Week High98.1
52 Week Low57.05
CS1 End86.74
CR1 Start90.61
Volume & EV
DER(3)-0.28%
DER(5)-0.87%
Volume709.30K
Volume Incr-24%
Vol(5)886.44K
Vol(50)1.02M