Western Alliance Technical Analysis (NYSE:WAL)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Western Alliance stock price movements is formed, the WAL stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Western Alliance. Technical analysis uses an approach for Western Alliance stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Western Alliance Moving Average:
Moving averages show the average price of WAL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling WAL moving average implies that Western Alliance stock price is falling.
Western Alliance Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the WAL stock. Currently the stock price of $46.83 is in the lower range of Western Alliance bollinger bands.
Western Alliance Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Western Alliance MACD indicator is below 0 indicating a bearish trend.
Western Alliance Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 24.89 is the RSI value of WAL stock. .