WESTERN ALLIANCE BANCORP (WAL) Technical Analysis
NYSE:WAL • US9576381092
Current stock price
WAL Technical Rating and Analysis
Overall WAL gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 80% of all other stocks performed better in the past year than WAL.
- WAL is part of the Banks industry. There are 380 other stocks in this industry, of which 92% are performing better than WAL.
- WAL is currently trading in the lower part 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.
- WAL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- WAL has an average volume of 1536100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
WAL Weekly and Daily overview Charts
WAL Setup Rating and Analysis
Although the technical rating is bad, WAL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 67.04, a Stop Loss order could be placed below this zone.
More info and screens
WAL Support and Resistance Analysis
65.73
We found 1 important support area.
- A support zone ranging from 66.39 to 67.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 70.74 to 71.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @87.31 from a horizontal line in the daily time frame.
- Resistance @93.74 from a horizontal line in the weekly time frame.
WAL Technical Indicator Signal Analysis
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 | 20.26 | NEGATIVE | WAL has a low relative strength, it was outperformed by 79.74% 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) | 32.06 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests WAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.74 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for WAL suggests a strong trend. |
WAL Chart- and CandleStick Pattern Analysis
WAL Technicals: Chart, Performance Metrics, Trend & Indicators
67.8
-2.36 (-3.36%)
WESTERN ALLIANCE BANCORP / WAL TA FAQ
What is the technical rating for WAL stock?
ChartMill assigns a technical rating of 0 / 10 to WAL.
What is the current trend direction of WESTERN ALLIANCE BANCORP (WAL) stock?
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 32.0637. This indicates that the stock is currently neutral.
What is the short term momentum for WESTERN ALLIANCE BANCORP (WAL) stock?
The short term momentum for WESTERN ALLIANCE BANCORP (WAL) is negative.
Can you provide the support and resistance levels for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has a support level at 67.04 and a resistance level at 70.74. Check the full technical report for our detailed analysis of WAL support and resistance levels.