Technical Analysis for WAL - Western Alliance Bancorporation

Grade Last Price % Change Price Change
grade C 46.67 -2.51% -1.20
WAL closed down 4.58 percent on Thursday, February 27, 2020, on 2.07 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical WAL trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish -2.51%
New Downtrend Bearish -2.51%
Lower Bollinger Band Walk Weakness -2.51%
Multiple of Ten Bearish Other -2.51%
Below Lower BB Weakness -2.51%
Down 3 Days in a Row Weakness -2.51%
Down 4 Days in a Row Weakness -2.51%
Down 5 Days in a Row Weakness -2.51%
Lower Bollinger Band Touch Weakness -2.51%
Oversold Stochastic Weakness -2.51%

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Profile

Western Alliance Bancorporation, a multi-bank holding company, provides various banking and related services to businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals, and other consumers. The company operates in Bank of Nevada, Western Alliance Bank, Torrey Pines Bank, and Other segments. It accepts various deposit products, including checking accounts, savings accounts, and money market accounts, as well as other deposit accounts, such as fixed-rate and fixed maturity retail certificates of deposits. The company also offers a range of loan products comprising commercial real estate loans that are secured by apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans; commercial and industrial loans that include working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; residential real estate loans; and consumer loans. In addition, it provides other financial services, which comprise Internet banking, wire transfers, electronic bill payment, lock box services, courier, and cash management services; and investment advisory services. As of March 31, 2013, the company had 40 offices in Nevada, Arizona, and California. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Financial Services Banking Bank Deposit Products Real Estate Loans Cash Management Services Qcr Holdings Residential Real Estate Loans Internet Banking Loan Products Investment Advisory Services Real Estate Developers Retail Centers Lock Box Services Banking And Related Services Nevada State Bank Fixed Rate And Fixed Maturity Retail Certificates

Is WAL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.94
52 Week Low 38.55
Average Volume 593,103
200-Day Moving Average 49.03
50-Day Moving Average 56.62
20-Day Moving Average 55.80
10-Day Moving Average 54.75
Average True Range 1.51
ADX 26.63
+DI 13.83
-DI 48.42
Chandelier Exit (Long, 3 ATRs ) 54.29
Chandelier Exit (Short, 3 ATRs ) 52.39
Upper Bollinger Band 61.53
Lower Bollinger Band 50.07
Percent B (%b) -0.19
BandWidth 20.53
MACD Line -1.48
MACD Signal Line -0.43
MACD Histogram -1.0402
Fundamentals Value
Market Cap 4.99 Billion
Num Shares 104 Million
EPS 2.77
Price-to-Earnings (P/E) Ratio 17.28
Price-to-Sales 7.79
Price-to-Book 2.84
PEG Ratio 1.96
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.65
Resistance 3 (R3) 52.07 51.23 51.02
Resistance 2 (R2) 51.23 50.27 51.02 50.81
Resistance 1 (R1) 49.55 49.67 49.13 49.13 50.60
Pivot Point 48.71 48.71 48.50 48.50 48.71
Support 1 (S1) 47.03 47.75 46.61 46.61 45.14
Support 2 (S2) 46.19 47.15 45.98 44.93
Support 3 (S3) 44.51 46.19 44.72
Support 4 (S4) 44.09