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

0

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

1 Month 3 Months 6 Months 12 Months -0.26% -12.86% -18.90% -37.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.24 54.86 - 124.93
WAL Weekly chart
WAL Daily chart

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

5

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.


WAL Daily chart

WESTERN ALLIANCE BANCORP65.64

NYSE:WAL (12/2/2022, 7:09:47 PM)-1.62 (-2.41%)

After market: 65.64 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -2.41% 1 Week -6.34%
2 Weeks -5.99% 1 Month -0.26%
3 Month -12.86% 6 Month -18.9%
Volatility
ATR(14) 2.53 ATR(20)% 4.36%
ATR Inc -21.55% Range Today 1.67
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
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
Volume & EV
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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