WESTERN ALLIANCE BANCORP (WAL)

US9576381092 - Common Stock

58.99  -0.83 (-1.39%)

Technical Rating and Analysis

3

Taking everything into account, WAL scores 3 out of 10 in our technical rating. Although WAL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

WAL is part of the Banks industry. There are 411 other stocks in this industry. WAL outperforms 94% of them.
WAL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WAL is performing more or less in line with the market.
WAL has an average volume of 1322840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, WAL did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month WAL has a been trading in the 53.75 - 64.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
WAL Weekly chart
WAL Daily chart
Setup Rating and Analysis

3

The technical rating of WAL is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

53.02

68.01

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 55.25 to 57.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @53.56 from a trend line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 59.33 to 59.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @61.63 from a trend line in the daily time frame.
  • A resistance zone ranging from 64.23 to 64.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @67.34 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.15
Mansfield0.84
10 Day High60.57
10 Day Low53.75
20 Day High64.65
20 Day Low53.75
52 Week High70.23
52 Week Low11.35
Performance
1 Week8.21%
2 Weeks-1.72%
1 Month-3.2%
3 Month-11.17%
6 Month49.18%
12 Month61.15%
2 Year-21.4%
3 Year-43.07%
5 Year25.2%
10 Year159.3%
15 Year818.89%
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)53.6
LBB54.02
UBB62
WAL Daily chart

WESTERN ALLIANCE BANCORP

NYSE:WAL (4/24/2024, 2:16:41 PM)

58.99

-0.83 (-1.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.39%
1 Week8.21%
2 Weeks-1.72%
1 Month-3.2%
3 Month-11.17%
6 Month49.18%
12 Month61.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.23
ATR(20)%3.46%
ATR Inc
Range Today1.76
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High60.57
10 Day Low53.75
20 Day High64.65
20 Day Low53.75
52 Week High70.23
52 Week Low11.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume286.56K
Volume Incr60.66%
Vol(5)1.66M
Vol(50)1.32M