WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:WAL • US9576381092
94.39 USD
+3.28 (+3.6%)
At close: Feb 6, 2026
94.58 USD
+0.19 (+0.2%)
After Hours: 2/6/2026, 8:11:16 PM
Taking everything into account, WAL scores 8 out of 10 in our technical rating. Although WAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- WAL is one of the lesser performing stocks in the Banks industry. 61% of 383 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- WAL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WAL has a been trading in the 85.62 - 94.68 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, WAL turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
WAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
66.11
95.34
We found 9 important support areas.
- Support @93.74 from a horizontal line in the weekly time frame.
- A support zone ranging from 89.43 to 90.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 87.10 to 87.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.47 from a horizontal line in the weekly time frame.
- A support zone ranging from 84.07 to 84.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @79.94 from a horizontal line in the daily time frame.
- Support @78.41 from a trend line in the weekly time frame.
- A support zone ranging from 71.29 to 71.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 94.40 to 94.40. 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 | 67.42 | NEUTRAL | WAL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of WAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.05 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WAL has a positive trend. |
| Stochastics (14,3) | 81.9 | OVERBOUGHT | The high Stochastics value suggests WAL may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.69 | NEUTRAL | The ADX value for WAL suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 94.41 | 93.73 | 0.68 (0.72%) | 25.00% |
| An entry @94.41. This is a Buy Stop order right above the resistance zone. | An exit @93.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 0.72%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WAL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
94.39
+3.28 (+3.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.6%
1 Week5.88%
2 Weeks8.49%
1 Month5.21%
3 Month18%
6 Month19.22%
12 Month5.01%
2 Year63.5%
3 Year27.14%
5 Year3.15%
10 Year217.6%
15 Year1063.87%
Volatility
ATR(14)3.37
ATR(20)%3.19%
ATR Inc17.08%
Range Today3.08
ADR(20)2.83
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.42
3 months CRS84.54
6 months CRS76.93
Mansfield0.65
10 Day High94.68
10 Day Low86.71
20 Day High94.68
20 Day Low85.62
52 Week High94.68
52 Week Low57.05
CS1 End93.74
CR1 Start94.4
Volume & EV
DER(3)-1.6%
DER(5)-0.33%
Volume1.42M
Volume Incr26.25%
Vol(5)1.17M
Vol(50)913.81K
WESTERN ALLIANCE BANCORP / WAL FAQ
What is the technical rating for WAL stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has an RSI value of 64.0501. 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 positive.
Can you provide the support and resistance levels for WESTERN ALLIANCE BANCORP?
WESTERN ALLIANCE BANCORP (WAL) has a support level at 93.74 and a resistance level at 94.4. Check the full technical report for our detailed analysis of WAL support and resistance levels.