WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
NYSE:WAL • US9576381092
Taking everything into account, WAL scores 6 out of 10 in our technical rating. 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 one of the lesser performing stocks in the Banks industry. 65% of 379 stocks in the same industry do better.
- In the last month WAL has a been trading in the 86.16 - 97.23 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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.
- WAL has an average volume of 1037350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, WAL outperforms 52% of them, which is more or less in line with the market.
WAL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
66.43
We found 4 important support areas.
- A support zone ranging from 87.31 to 88.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 79.52 to 79.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 71.29 to 71.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.10 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 91.97 to 94.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @96.08 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for WAL is neutral. |
| ChartMill Relative Strength | 52.92 | 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 | MIXED | The current price of WAL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.74 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests WAL has a negative trend. |
| Stochastics (14,3) | 26.68 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.93 | NEGATIVE | The low ADX value for WAL suggests a weak or negative trend. |
88.21
+0.59 (+0.67%)
WESTERN ALLIANCE BANCORP / WAL FAQ
What is the technical rating for WAL stock?
ChartMill assigns a technical rating of 6 / 10 to WAL.
What is the current trend direction of WESTERN ALLIANCE BANCORP (WAL) stock?
The current trend direction for WESTERN ALLIANCE BANCORP (WAL) is Bullish.
Can you provide the RSI signal for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has an RSI value of 43.7406. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN ALLIANCE BANCORP (WAL) stock?
The short term momentum for WESTERN ALLIANCE BANCORP (WAL) is neutral.
Can you provide the support and resistance levels for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has a support level at 88.2 and a resistance level at 91.97. Check the full technical report for our detailed analysis of WAL support and resistance levels.