Should You Buy Reliance Global Group Inc (RELI) Stock on Friday?

Reliance Global Group Inc (RELI) stock has fallen 17.07% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Reliance Global Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RELI!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 $4.81 as of 11:20 AM on Friday, Mar 25, a drop of -$0.42, or -7.98% from the previous closing price of $5.23. The stock has traded between $4.69 and $5.29 so far today. Volume today is light. So far 185,160 shares have traded compared to average volume of 575,967 shares. To see InvestorsObserver's Sentiment Score for Reliance Global Group Inc 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 Report for Reliance Global Group Inc stock.