WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
NYSE:WAL - New York Stock Exchange, Inc. - US9576381092 - Common Stock - Currency: USD
Taking everything into account, WAL scores 3 out of 10 in our technical rating. WAL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WAL is one of the lesser performing stocks in the Banks industry. 69% of 395 stocks in the same industry do better.
WAL has an average volume of 1218230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, WAL outperforms 56% of them, which is more or less in line with the market.
WAL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WAL is lagging the market slightly.
In the last month WAL has a been trading in the 67.91 - 80.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WAL has a poor technical rating and the quality of the setup is also only medium 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
63.81
94.86
When analyzing the support we can see 2 important areas.
- A support zone ranging from 71.46 to 72.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.45 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 78.13 to 78.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 79.94 to 80.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @90.71 from a trend line in the daily time frame.
- Resistance @93.92 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 | NEUTRAL | NEUTRAL | The long term trend for WAL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAL is neutral. |
| ChartMill Relative Strength | 56.42 | NEUTRAL | WAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WAL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.45 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests WAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.35 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | 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)
74.22
+2.76 (+3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.86%
1 Week-4.02%
2 Weeks-6.29%
1 Month5.43%
3 Month-14.61%
6 Month-20.71%
12 Month17.75%
2 Year118.94%
3 Year-8.79%
5 Year94.55%
10 Year136.75%
15 Year821.99%
Volatility
ATR(14)2.48
ATR(20)%3.37%
ATR Inc8.33%
Range Today2.53
ADR(20)2.09
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.42
Mansfield-0.93
10 Day High80.47
10 Day Low69.89
20 Day High80.99
20 Day Low67.91
52 Week High98.1
52 Week Low56.7
CS1 End72.23
CR1 Start78.13
Volume & EV
DER(3)-3.02%
DER(5)-2.18%
Volume1.42M
Volume Incr-3.23%
Vol(5)962.76K
Vol(50)1.22M