Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 Forecast and Stock Analysis
Technical WALA stock analysis for February 15, 2019.
Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 gained 1.21% in the last trading day, rising from $25.42 to $25.73 The price has been going up and down for this period, and there has been a 0.12% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 546 more shares were traded than the day before. In total, 546 shares bought and sold for approximately $14 047.70.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WALA stock was $25.73. This is 1.21% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.15% from a day low at $25.69 to a day high of $25.73.
30 day high of the WALA stock price was $26.00 and low was $25.02.
90 day high was $26.00 and low was $24.13.
52 week high for the Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 - $26.22 and low - $23.65.
Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.53% during the next 3 months and, with 90% probability hold a price between $25.30 and $26.72 at the end of this period.
Only positive signals in the chart today. Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $25.45 and $25.31. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 finds support from accumulated volume at $25.30.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.04 (0.15%) between high and low. For the last week, the stock has had a daily average volatility of 0.69%.
Our recommended stoploss: $24.33 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.