WESTERN ALLIANCE BANCORP (WAL) 65.64 -1.62 (-2.41%)
65.64 -1.62 (-2.41%)
US9576381092 - Common Stock - After market: 65.64 0 (0%)
Technical Rating
We assign a technical rating of 0 out of 10 to WAL. WAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than WAL.
WAL is one of the lesser performing stocks in the Banks industry. 94% of 321 stocks in the same industry do better.
WAL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month WAL has a been trading in the 64.73 - 78.14 range, which is quite wide. It is currently trading near the lows of this range.
Statistics
Support/Resistance Analysis
64.98
88.91
5 important resistance areas can be observed.
- A resistance zone ranging from 66.44 to 67.80. 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 69.44 to 70.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.28 to 74.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.96 from a horizontal line in the daily time frame.
- Resistance @88.03 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
WAL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
WESTERN ALLIANCE BANCORP65.64
NYSE:WAL (12/2/2022, 7:09:47 PM)-1.62 (-2.41%)
| GICS Sector | Financials | ||
| GICS Industry | Banks | ||
| Today | -2.41% | 1 Week | -6.34% |
| 2 Weeks | -5.99% | 1 Month | -0.26% |
| 3 Month | -12.86% | 6 Month | -18.9% |
| ATR(14) | 2.53 | ATR(20)% | 4.36% |
| ATR Inc | -21.55% | Range Today | 1.67 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 22.24 | Mansfield | -1.77 |
| 10 Day High | 71.22 | 10 Day Low | 64.73 |
| 20 Day High | 78.14 | 20 Day Low | 64.73 |
| 52 Week High | 124.93 | 52 Week Low | 54.86 |
| CS1 End | N/A | CR1 Start | 66.44 |
| DER(3) | -1.05% | DER(5) | 0.19% |
| Volume | 904.40K | Volume Incr | 3.72% |
| Vol(5) | 725.30K | Vol(50) | 918.58K |
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