Technical Analysis for WAL - Western Alliance Bancorporation

Grade Last Price % Change Price Change
B 71.08 -3.06% -2.24
WAL closed down 3.06 percent on Thursday, July 18, 2024, on 2.44 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
Stochastic Sell Signal Bearish -3.06%
New 52 Week High Strength -3.06%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 17 hours ago
Down 3% about 17 hours ago
Down 1 ATR about 17 hours ago
Outside Day about 19 hours ago
Fell Below Previous Day's Low about 19 hours ago

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Profile

Western Alliance Bancorporation Description

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.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Real Estate Loans Cash Management Services Loan Products Residential Real Estate Loans Internet Banking Investment Advisory Services Retail Centers Courier Lock Box Real Estate Developers Electronic Bill Payment Lock Box Services Retail Certificates 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 74.92
52 Week Low 38.0595
Average Volume 878,034
200-Day Moving Average 57.51
50-Day Moving Average 62.81
20-Day Moving Average 64.39
10-Day Moving Average 67.26
Average True Range 2.34
RSI (14) 67.32
ADX 25.83
+DI 39.54
-DI 14.33
Chandelier Exit (Long, 3 ATRs) 67.91
Chandelier Exit (Short, 3 ATRs) 64.77
Upper Bollinger Bands 73.15
Lower Bollinger Band 55.63
Percent B (%b) 0.88
BandWidth 27.20
MACD Line 2.79
MACD Signal Line 1.70
MACD Histogram 1.0868
Fundamentals Value
Market Cap 7.78 Billion
Num Shares 109 Million
EPS 6.54
Price-to-Earnings (P/E) Ratio 10.87
Price-to-Sales 2.64
Price-to-Book 1.17
PEG Ratio 1.84
Dividend 1.45
Dividend Yield 2.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 77.46
Resistance 3 (R3) 78.03 76.47 76.39
Resistance 2 (R2) 76.47 74.85 76.19 76.04
Resistance 1 (R1) 73.78 73.85 73.00 73.21 75.68
Pivot Point 72.22 72.22 71.84 71.94 72.22
Support 1 (S1) 69.53 70.60 68.75 68.96 66.48
Support 2 (S2) 67.97 69.60 67.69 66.12
Support 3 (S3) 65.28 67.97 65.77
Support 4 (S4) 64.71