WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
USA - NYSE:WAL - US9576381092 - Common Stock
88.49 USD
-1.14 (-1.27%)
89.98 USD
+1.49 (+1.68%)
Taking everything into account, WAL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WAL is only an average performer.
The long and short term trends are both positive. This is looking good!
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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WAL has an average volume of 1016620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WAL is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
WAL is an average performer in the Banks industry, it outperforms 67% of 391 stocks in the same industry.
Besides having an excellent technical rating, WAL also presents a decent setup pattern. 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. We notice that large players showed an interest for WAL in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
68.16
94.68
4 important support areas can be observed.
- A support zone ranging from 86.94 to 87.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 81.35 to 81.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 76.33 to 76.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.85 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 89.46 to 90.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 93.74 to 93.74. 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 | UP | POSITIVE | The short term trend for WAL is up. |
| ChartMill Relative Strength | 74.15 | POSITIVE | WAL has a high relative strength, it outperformed 74.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAL is above the rising 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) | 57.22 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests WAL has a negative trend. |
| Stochastics (14,3) | 54.44 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for WAL suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 90.62 | 87.10 | 3.53 (3.89%) | 25.00% |
| An entry @90.62. This is a Buy Stop order right above the resistance zone. | An exit @87.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.53 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.49
-1.14 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.27%
1 Week-2.38%
2 Weeks-0.56%
1 Month5.42%
3 Month24.13%
6 Month14.57%
12 Month8.03%
2 Year92.5%
3 Year34.61%
5 Year179.86%
10 Year188.15%
15 Year1220.75%
Volatility
ATR(14)1.92
ATR(20)%2.35%
ATR Inc-31.06%
Range Today1.15
ADR(20)2.02
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.15
Mansfield-0.25
10 Day High93.29
10 Day Low87.11
20 Day High93.29
20 Day Low81.2
52 Week High98.1
52 Week Low57.05
CS1 End87.28
CR1 Start89.46
Volume & EV
DER(3)3.46%
DER(5)2.18%
Volume1.14M
Volume Incr7.96%
Vol(5)1.02M
Vol(50)1.02M