Learn to Evaluate (WAL) using the Charts
November 15, 2024, 23:58 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WAL
- Buy WAL near 83.58 target 93.22 stop loss @ 83.34 Details
The technical summary data tells us to buy WAL near 83.58 with an upside target of 93.22. This data also tells us to set a stop loss @ 83.34 to protect against excessive loss in case the stock begins to move against the trade. 83.58 is the first level of support below 90.38 , and by rule, any test of support is a buy signal. In this case, support 83.58 is being tested, a buy signal would exist.
- Short WAL slightly under 93.22, target 83.58, stop loss @ 93.49 Details
The technical summary data is suggesting a short of WAL as it gets near 93.22 with a downside target of 83.58. We should have a stop loss in place at 93.49though. 93.22 is the first level of resistance above 90.38, and by rule, any test of resistance is a short signal. In this case, if resistance 93.22 is being tested, a short signal would exist.
Swing Trading Plans for WAL
- Buy WAL slightly over 92.47, target 93.22, Stop Loss @ 92.2 Details
If 92.47 begins to break higher, the technical summary data tells us to buy WAL just slightly over 92.47, with an upside target of 93.22. The data also tells us to set a stop loss @ 92.2 in case the stock turns against the trade. 92.47 is the first level of resistance above 90.38, and by rule, any break above resistance is a buy signal. In this case, 92.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WAL slightly near 92.47, target 83.58, Stop Loss @ 92.74. Details
The technical summary data is suggesting a short of WAL if it tests 92.47 with a downside target of 83.58. We should have a stop loss in place at 92.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WAL
- Buy WAL slightly over 92.47, target 93.22, Stop Loss @ 92.25 Details
If 92.47 begins to break higher, the technical summary data tells us to buy WAL just slightly over 92.47, with an upside target of 93.22. The data also tells us to set a stop loss @ 92.25 in case the stock turns against the trade. 92.47 is the first level of resistance above 90.38, and by rule, any break above resistance is a buy signal. In this case, 92.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WAL slightly near 92.47, target 83.58, Stop Loss @ 92.69. Details
The technical summary data is suggesting a short of WAL if it tests 92.47 with a downside target of 83.58. We should have a stop loss in place at 92.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Western Alliance Bancorporation (de) (WAL) available here: WAL.
WAL Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
74.54 |
| P2 |
92.37 |
92.47 |
83.58 |
| P3 |
94.87 |
98.63 |
93.22 |
AI Generated Signals for WAL
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Western Alliance Bancorporation (de) (NYSE: WAL) report below can help you understand how to do this. The trading plans for WAL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WAL:
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