Overall market sentiment has been down on Reliance Global Group Inc (RELI) stock lately. RELI receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With RELI Stock Today?
Reliance Global Group Inc (RELI) stock is trading at $3.83 as of 9:51 AM on Thursday, May 13, a rise of $0.88, or 29.83% from the previous closing price of $2.95. The stock has traded between $3.06 and $4.46 so far today. Volume today is below average. So far 24,718 shares have traded compared to average volume of 95,504 shares.
To see the top 5 stocks in the Conglomerates industry click here.
More About Reliance Global Group Inc
Reliance Global Group, Inc. operates as a holding company with diversified interests in the insurance and real estate markets. The Company is focused on acquiring growing, cash flow positive insurance agencies. Within the real estate segment, the Company is involved in acquiring, owning, leasing, managing, and redeveloping multifamily residential properties throughout the U.S. for risk-adjusted returns.
Click Here to get the full Stock Score Report on Reliance Global Group Inc (RELI) Stock.
