Core Viewpoint - Western Alliance (WAL) has experienced significant selling pressure, resulting in an 11.3% decline over the past four weeks, but analysts anticipate better-than-expected earnings in the near future [1] Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2] - WAL's current RSI reading is 28.86, suggesting that the heavy selling may be exhausting itself and a price reversal could be imminent [5] Fundamental Analysis - There is a strong consensus among sell-side analysts to raise earnings estimates for WAL, leading to a 0.2% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7] - WAL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [8]