GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Western Alliance Bancorp (STU:WEA) » Definitions » 5-Day RSI

Western Alliance Bancorp (STU:WEA) 5-Day RSI : 34.35 (As of Dec. 14, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Western Alliance Bancorp 5-Day RSI?

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.

As of today (2024-12-14), Western Alliance Bancorp's 5-Day RSI is 34.35.

The industry rank for Western Alliance Bancorp's 5-Day RSI or its related term are showing as below:

STU:WEA's 5-Day RSI is ranked better than
82.86% of 1622 companies
in the Banks industry
Industry Median: 47.605 vs STU:WEA: 34.35

Competitive Comparison of Western Alliance Bancorp's 5-Day RSI

For the Banks - Regional subindustry, Western Alliance Bancorp's 5-Day RSI, along with its competitors' market caps and 5-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Alliance Bancorp's 5-Day RSI Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Western Alliance Bancorp's 5-Day RSI distribution charts can be found below:

* The bar in red indicates where Western Alliance Bancorp's 5-Day RSI falls into.



Western Alliance Bancorp  (STU:WEA) 5-Day RSI Calculation

The formula for calculating RSI is:

RSI=100[ 100 / ( 1 + Average Gain / Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Western Alliance Bancorp  (STU:WEA) 5-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections. A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals. 5-Day RSI is sometimes used together with 14-Day RSI in a two period divergence strategy.


Western Alliance Bancorp 5-Day RSI Related Terms

Thank you for viewing the detailed overview of Western Alliance Bancorp's 5-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.


Western Alliance Bancorp Business Description

Traded in Other Exchanges
Address
One East Washington Street, Suite 1400, Phoenix, AZ, USA, 85004
Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans. The company's reportable segments are Commercial segment includes provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry. Consumer Related segment offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking. Corporate & Other.