WESTERN ALLIANCE BANCORP (WAL) Stock Technical Analysis
NYSE:WAL - New York Stock Exchange, Inc. - US9576381092 - Common Stock - Currency: USD
Overall WAL gets a technical rating of 6 out of 10. WAL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that WAL is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, WAL also shows a nice and consistent pattern of rising prices.
WAL is part of the Banks industry. There are 405 other stocks in this industry. WAL outperforms 83% of them.
WAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WAL is lagging the market slightly.
WAL has an average volume of 1159850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month WAL has a been trading in the 83.95 - 94.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WAL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 82.44, a Stop Loss order could be placed below this zone. 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
77.62
97.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 82.37 to 82.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 78.40 to 80.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- 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.
- A resistance zone ranging from 96.10 to 96.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.22
Mansfield0.75
10 Day High93.81
10 Day Low85.5
20 Day High94.4
20 Day Low83.95
52 Week High98.1
52 Week Low53.75
Performance
1 Week-0.35%
2 Weeks-3.94%
1 Month-4.77%
3 Month-7.06%
6 Month6.02%
12 Month48.2%
2 Year17.24%
3 Year-7.15%
5 Year89.05%
10 Year206.59%
15 Year1411.11%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)47.13
LBB84.14
UBB93.17
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 |
|---|---|---|---|
| 89.10 | 85.49 | 3.61 (4.05%) | 24.71% |
| An entry @89.09. This is a Buy Stop order right above the 10 day moving average. | An exit @85.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.61 points, which is 4.05%. | For a 1.00% total portfolio risk, you can invest 24.71% 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.
87.04
-2.69 (-3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3%
1 Week-0.35%
2 Weeks-3.94%
1 Month-4.77%
3 Month-7.06%
6 Month6.02%
12 Month48.2%
2 Year17.24%
3 Year-7.15%
5 Year89.05%
10 Year206.59%
15 Year1411.11%
Volatility
ATR(14)3.13
ATR(20)%3.73%
ATR Inc58.6%
Range Today4.86
ADR(20)3.11
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.22
Mansfield0.75
10 Day High93.81
10 Day Low85.5
20 Day High94.4
20 Day Low83.95
52 Week High98.1
52 Week Low53.75
CS1 End82.44
CR1 Start93.74
Volume & EV
DER(3)0.72%
DER(5)0.05%
Volume1.78M
Volume Incr8.12%
Vol(5)1.31M
Vol(50)1.16M