WAL
Western Alliance Bancorporation Financial Services - Banking Investor Relations →
Western Alliance Bancorporation (WAL) closed at $79.91 as of 2026-06-19, trading 20.6% above its 200-week moving average of $66.27. The stock is currently moving closer to the line, down from 26.3% last week. The 14-week RSI sits at 67, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.65 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1046 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 +12.4%.
With a market cap of $8.7 billion, WAL is a mid-cap stock. Return on equity stands at 13.0%. The stock trades at 1.2x book value.
Over the past 20.1 years, a hypothetical investment of $100 in WAL would have grown to $266, compared to $851 for the S&P 500. WAL has returned 5.0% annualized vs 11.3% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +22.3% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. WAL currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from WAL's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
WAL has crossed below its 200-week MA 12 times with an average 1-year return of +12.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2007 | Jan 2012 | 254 | 82.4% | -66.7% | +194.8% |
| Dec 2018 | Jan 2019 | 6 | 14.0% | +31.6% | +124.3% |
| Jan 2019 | Feb 2019 | 2 | 1.3% | +25.3% | +107.9% |
| Mar 2019 | Apr 2019 | 7 | 13.7% | -8.6% | +110.5% |
| May 2019 | Oct 2019 | 22 | 10.2% | -33.3% | +107.8% |
| Feb 2020 | Nov 2020 | 37 | 45.5% | +103.4% | +98.1% |
| Oct 2022 | Oct 2022 | 2 | 3.8% | -28.6% | +36.7% |
| Dec 2022 | Jan 2023 | 6 | 13.1% | -3.8% | +42.8% |
| Mar 2023 | Dec 2023 | 41 | 58.9% | +26.5% | +75.1% |
| Jan 2024 | Jan 2024 | 2 | 3.5% | +36.2% | +32.7% |
| Jan 2024 | Jul 2024 | 24 | 14.2% | +49.0% | +39.5% |
| Mar 2025 | Apr 2025 | 3 | 10.9% | +18.3% | +31.9% |
| Average | 34 | — | +12.4% | — |
Frequently Asked Questions
Is WAL below its 200-week moving average?
No. Western Alliance Bancorporation (WAL) is currently 20.6% above its 200-week moving average of $66.27. It would need to fall to $66.27 to cross below the line.
What is WAL's 200-week moving average price?
Western Alliance Bancorporation's 200-week moving average is $66.27 as of 2026-06-19. 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 +12.4%. 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 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 67. Return on equity is 13.0%. Price-to-book is 1.2x. 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 20.1 years, $100 invested in WAL would have grown to $266, compared to $851 for the S&P 500. That's 5.0% annualized vs 11.3% 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 206.00%.
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 2026-06-19