Technical Analysis for WAL - Western Alliance Bancorporation

Grade Last Price % Change Price Change
C 71.93 1.90% 1.34
WAL closed up 1.9 percent on Thursday, January 26, 2023, on 1.33 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bullish Other 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Alert Time
60 Minute Opening Range Breakdown about 12 hours ago
Down 1% about 12 hours ago
200 DMA Resistance about 13 hours ago
1.5x Volume Pace about 13 hours ago
200 DMA Support about 13 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 Courier Real Estate Developers Retail Centers Lock Box 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 105.0
52 Week Low 54.89
Average Volume 869,677
200-Day Moving Average 71.52
50-Day Moving Average 63.77
20-Day Moving Average 63.66
10-Day Moving Average 66.39
Average True Range 2.90
RSI 71.75
ADX 15.05
+DI 31.98
-DI 23.74
Chandelier Exit (Long, 3 ATRs) 63.98
Chandelier Exit (Short, 3 ATRs) 65.28
Upper Bollinger Bands 71.41
Lower Bollinger Band 55.92
Percent B (%b) 1.03
BandWidth 24.34
MACD Line 2.04
MACD Signal Line 1.00
MACD Histogram 1.0405
Fundamentals Value
Market Cap 7.25 Billion
Num Shares 101 Million
EPS 4.36
Price-to-Earnings (P/E) Ratio 16.49
Price-to-Sales 4.76
Price-to-Book 1.71
PEG Ratio 1.84
Dividend 1.00
Dividend Yield 1.39%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 76.63
Resistance 3 (R3) 76.35 74.52 75.84
Resistance 2 (R2) 74.52 73.32 74.65 75.58
Resistance 1 (R1) 73.22 72.58 73.87 73.50 75.32
Pivot Point 71.39 71.39 71.71 71.52 71.39
Support 1 (S1) 70.09 70.19 70.74 70.37 68.54
Support 2 (S2) 68.26 69.45 68.39 68.28
Support 3 (S3) 66.96 68.26 68.02
Support 4 (S4) 67.24