WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
NYSE:WAL - New York Stock Exchange, Inc. - US9576381092 - Common Stock - Currency: USD
Taking everything into account, WAL scores 8 out of 10 in our technical rating. In the last year, WAL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
WAL is part of the Banks industry. There are 397 other stocks in this industry. WAL outperforms 83% of them.
In the last month WAL has a been trading in the 70.38 - 86.28 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that WAL is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
WAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAL is lagging the market.
Although WAL has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
65.55
94.86
We found 3 important support areas.
- A support zone ranging from 74.05 to 75.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.46 from a horizontal line in the daily time frame.
- Support @66.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @90.45 from a trend line in the daily time frame.
- A resistance zone ranging from 93.74 to 93.92. 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 | UP | POSITIVE | The long term trend for WAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAL is up. |
| ChartMill Relative Strength | 85.1 | POSITIVE | WAL has a high relative strength, it outperformed 85.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.96 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests WAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests WAL may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.28 | POSITIVE | The high ADX value value for WAL suggests a strong trend. |
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)
84.49
-0.62 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.73%
1 Week-0.72%
2 Weeks8.77%
1 Month13.58%
3 Month33.67%
6 Month7.77%
12 Month25.52%
2 Year62.64%
3 Year10.62%
5 Year135.02%
10 Year149.75%
15 Year1062.17%
Volatility
ATR(14)2.38
ATR(20)%2.71%
ATR Inc-26.37%
Range Today1.43
ADR(20)2.12
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.1
Mansfield-0.33
10 Day High86.28
10 Day Low76.84
20 Day High86.28
20 Day Low70.38
52 Week High98.1
52 Week Low57.05
CS1 End75.74
CR1 Start90.45
Volume & EV
DER(3)0.14%
DER(5)-0.76%
Volume611.50K
Volume Incr-8.32%
Vol(5)762.42K
Vol(50)827.29K