Western Alliance Bancorporation (WAL) is currently trading at $76.4 as of 2025-03-10. The stock is showing signs of bearish momentum, with the MACD (-2.19) and Stochastic Oscillator (14.04) indicating oversold conditions. The RSI (31.47) suggests the stock is not yet in overbought territory but is approaching oversold levels.
Recent news indicates that WAL has passed a 2% yield mark, which could attract income-focused investors. Additionally, WAL is part of the Vanguard S&P Mid-Cap 400 Growth ETF (IVOG), with an analyst target price of $104.36, indicating significant upside potential. High options activity, particularly in call options, suggests bullish sentiment among traders.
The Fibonacci levels for WAL are as follows:
Based on the technical indicators and news sentiment, WAL is expected to test the lower support levels in the next trading week. The stock is likely to drop to $74.13, where it may find strong support.
Sell WAL at the current price of $76.4, with a target price of $74.13.
The price of WAL is predicted to go up 8.01%, based on the high correlation periods with ZI. The similarity of these two price pattern on the periods is 93.62%.
WAL
ZI
JP Morgan
2025-01-07
Price Target
$110 → $105
Upside
+28.6%
UBS
2024-12-17
Price Target
$115
Upside
+30.19%
Wells Fargo
2024-12-03
Price Target
$92 → $102
Upside
+8.81%