WAL
Western Alliance Bancorporation Financial Services - Banking Investor Relations →
Western Alliance Bancorporation (WAL) closed at $67.04 as of 2026-03-20, trading 1.4% above its 200-week moving average of $66.14. The stock is currently moving closer to the line, down from 2.8% last week. With a 14-week RSI of 28, WAL is in oversold territory.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.71 ratio) is neutral — neither side is clearly dominating.
Over the past 1033 weeks of data, WAL has crossed below its 200-week moving average 12 times. On average, these episodes lasted 34 weeks. Historically, investors who bought WAL at the start of these episodes saw an average one-year return of +11.9%.
With a market cap of $7.4 billion, WAL is a mid-cap stock. Return on equity stands at 13.5%. The stock trades at 1.0x book value.
Over the past 19.8 years, a hypothetical investment of $100 in WAL would have grown to $222, compared to $737 for the S&P 500. WAL has returned 4.1% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: WAL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After WAL Crosses Below the Line?
Across 12 historical episodes, buying WAL when it crossed below its 200-week moving average produced an average return of +21.7% after 12 months (median +25.0%), compared to +18.3% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +62.5% vs +41.5% for the index.
Each line shows $100 invested at the moment WAL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
WAL has crossed below its 200-week MA 12 times with an average 1-year return of +11.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2007 | Jan 2012 | 254 | 82.4% | -66.7% | +145.9% |
| Dec 2018 | Jan 2019 | 6 | 14.0% | +31.6% | +87.1% |
| Jan 2019 | Feb 2019 | 2 | 1.3% | +25.3% | +73.4% |
| Mar 2019 | Apr 2019 | 7 | 13.7% | -8.6% | +75.6% |
| May 2019 | Oct 2019 | 22 | 10.2% | -33.3% | +73.4% |
| Feb 2020 | Nov 2020 | 37 | 45.5% | +103.4% | +65.3% |
| Oct 2022 | Oct 2022 | 2 | 3.8% | -28.6% | +14.1% |
| Dec 2022 | Jan 2023 | 6 | 13.1% | -3.8% | +19.2% |
| Mar 2023 | Dec 2023 | 41 | 58.9% | +26.5% | +46.0% |
| Jan 2024 | Jan 2024 | 2 | 3.5% | +36.2% | +10.7% |
| Jan 2024 | Jul 2024 | 24 | 14.2% | +49.0% | +16.4% |
| Mar 2025 | Apr 2025 | 3 | 10.9% | N/A | +10.0% |
| Average | 34 | — | +11.9% | — |
Frequently Asked Questions
Is WAL below its 200-week moving average?
No. Western Alliance Bancorporation (WAL) is currently 1.4% above its 200-week moving average of $66.14. It would need to fall to $66.14 to cross below the line.
What is WAL's 200-week moving average price?
Western Alliance Bancorporation's 200-week moving average is $66.14 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when WAL drops below its 200-week moving average?
WAL has crossed below its 200-week moving average 12 times in our data. On average, buying at that moment produced a one-year return of +11.9%. These dips have historically been decent entry points. These episodes lasted 34 weeks on average.
Is WAL a good value right now?
Here's what our data says about WAL as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 28 (oversold). Return on equity is 13.5%. Price-to-book is 1.0x. This is not a buy or sell recommendation — always do your own research.
How does WAL compare to the S&P 500?
Over the past 19.8 years, $100 invested in WAL would have grown to $222, compared to $737 for the S&P 500. That's 4.1% annualized vs 10.6% for the index. WAL has underperformed the broader market over this period.
Does WAL pay a dividend?
Yes. Western Alliance Bancorporation currently pays a dividend yield of 251.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20