WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
USA - NYSE:WAL - US9576381092 - Common Stock
Taking everything into account, WAL scores 0 out of 10 in our technical rating. 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.
WAL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 79.30. Right above this resistance zone may be a good entry point.
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64.55
We found 3 important support areas.
- Support @76.62 from a trend line in the daily time frame.
- A support zone ranging from 70.32 to 73.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.20 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 79.30 to 80.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @90.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 93.74 to 94.00. 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 | DOWN | NEGATIVE | The long term trend for WAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAL is down. |
| ChartMill Relative Strength | 22.36 | NEGATIVE | WAL has a low relative strength, it was outperformed by 77.64% off all stocks 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) | DOWN | NEGATIVE | The current price of WAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.69 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests WAL has a positive trend. |
| Stochastics (14,3) | 58.22 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for WAL suggests a possible start of a new trend. |
76.91
-0.44 (-0.57%)
WESTERN ALLIANCE BANCORP / WAL FAQ
What is the technical rating for WAL stock?
ChartMill assigns a technical rating of 0 / 10 to WAL.
Can you provide the trend direction for WESTERN ALLIANCE BANCORP?
The current trend direction for WESTERN ALLIANCE BANCORP (WAL) is Bearish.
Can you provide the RSI signal for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has an RSI value of 43.6892. This indicates that the stock is currently neutral.
What is the buy/sell signal for WESTERN ALLIANCE BANCORP (WAL) stock?
The buy/sell signal for WESTERN ALLIANCE BANCORP (WAL) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has a support level at 76.62 and a resistance level at 79.3. Check the full technical report for our detailed analysis of WAL support and resistance levels.