WESTERN ALLIANCE BANCORP (WAL) Technical Analysis
NYSE:WAL • US9576381092
Current stock price
WAL Technical Rating and Analysis
Taking everything into account, WAL scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WAL was also a bad performer in the overall market in the last year.
- 61% of all other stocks performed better in the past year than WAL.
- WAL is part of the Banks industry. There are 376 other stocks in this industry, of which 79% are performing better than WAL.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month WAL has a been trading in the 71.40 - 82.20 range, which is quite wide. It is currently trading near the high of this range.
- WAL has an average volume of 1459640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- Considerably lower volume is observed in the last couple of days.
WAL Weekly and Daily overview Charts
WAL Setup Rating and Analysis
WAL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 80.81. Right above this resistance zone may be a good entry point.
More info and screens
WAL Support and Resistance Analysis
66.14
When analyzing the support we notice one important area.
- Support @66.81 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 80.81 to 81.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for WAL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAL is up. |
| ChartMill Relative Strength | 39.75 | 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) | DOWN | MIXED | The current price of WAL is above 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) | 59.94 | NEUTRAL | The RSI value for WAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests WAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.23 | NEUTRAL | The Stochastics value for WAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for WAL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for WAL suggests a possible start of a new trend. |
WAL Chart- and CandleStick Pattern Analysis
WAL Technicals: Chart, Performance Metrics, Trend & Indicators
80.8
-0.74 (-0.91%)
WESTERN ALLIANCE BANCORP / WAL TA FAQ
What is the technical rating for WAL stock?
ChartMill assigns a technical rating of 3 / 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.
What is the RSI signal for WAL stock?
WESTERN ALLIANCE BANCORP (WAL) has an RSI value of 59.9449. This indicates that the stock is currently neutral.
What are the support and resistance levels for WESTERN ALLIANCE BANCORP (WAL) stock?
WESTERN ALLIANCE BANCORP (WAL) has a support level at 66.81 and a resistance level at 80.81. Check the full technical report for our detailed analysis of WAL support and resistance levels.