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Analyzing Reliance Global Group Inc (RELI) After Recent Trading Activity

Reliance Global Group Inc’s recent filing unveils that its Chief Financial Officer Markovits Joel unloaded Company’s shares for reported $18976.0 on Jun 18 ’24. In the deal valued at $0.70 per share,27,000 shares were sold. As a result of this transaction, Markovits Joel now holds 184,338 shares worth roughly $0.29 million.

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Then, Beyman Ezra bought 30,000 shares, generating $8,502 in total proceeds. Upon buying the shares at $0.28, the Chairman and CEO now owns 527,100 shares.

Before that, Beyman Yaakov sold 15,000 shares. Reliance Global Group Inc shares valued at $11,728 were divested by the Exec VP, Insurance Division at a price of $0.78 per share. As a result of the transaction, Beyman Yaakov now holds 43,783 shares, worth roughly $70052.8.

Price Performance Review of RELI

On Monday, Reliance Global Group Inc [NASDAQ:RELI] saw its stock jump 24.03% to $1.60. Over the last five days, the stock has gained 17.65%. Reliance Global Group Inc shares have fallen nearly -82.47% since the year began. Nevertheless, the stocks have fallen -92.22% over the past one year. While a 52-week high of $21.76 was reached on 06/18/24, a 52-week low of $1.20 was recorded on 11/19/24. SMA at 50 days reached $2.1328, while 200 days put it at $4.2260.

Levels Of Support And Resistance For RELI Stock

The 24-hour chart illustrates a support level at 1.3867, which if violated will result in even more drops to 1.1733. On the upside, there is a resistance level at 1.7067. A further resistance level may holdings at 1.8133. The Relative Strength Index (RSI) on the 14-day chart is 40.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2519, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 16.39% indicates the stock is a buying.

How much short interest is there in Reliance Global Group Inc?

A steep rise in short interest was recorded in Reliance Global Group Inc stocks on 2024-10-31, dropping by 30880.0 shares to a total of 26662.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 57542.0 shares. There was a decline of -115.82%, which implies that there is a negative sentiment for the stock.

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