WALA stock forecast Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056

WALA stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

WALA Forecast and Technical Stock Analysis

Buy candidate since 2019-07-16 Gain 0.80%

Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 gained 0.57% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $26.10 to $26.25 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.00% from a day low at $25.99 to a day high of $26.25. The price has risen in 7 of the last 10 days and is up by 0.65% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4 428 more shares were traded than the day before. In total, 8 315 shares bought and sold for approximately $218 269.00.

Quick summary:

  • 30 day high of the WALA stock price was $26.47 and low was $25.63.
  • 90 day high was $26.47 and low was $25.58.
  • 52 week high for the Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 - $26.50 and low - $23.65.
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Trend

Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 is at the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $26.31 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 with 90% probability to be traded between $25.50 and $26.22 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

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 $26.09 and $25.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 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 is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 72 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Western Alliance Bancorporation 6.25% Subordinated Debentures due 2056 finds support from accumulated volume at $26.07.

Support: $26.07 Price: $26.25 Resistance: $26.30

Risk

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 $0.26 (1.00%) between high and low. For the last week, the stock has had a daily average volatility of 0.55%.

Our recommended stoploss: $24.82 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 23 days ago.)

0.55 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals 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 period.

Will WALA stock price go up or down on Mon, 22 Jul 2019?

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