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Difficulty:
25%
(medium)
Question Stats:
78%
(01:43)
correct 22%
(02:05)
wrong
based on 395
sessions
History
Date
Time
Result
Not Attempted Yet
The diagram shows the candlestick graph of the stock price of ABC company. The graph shows the opening price, closing price, intra-day high and intra-day low.
Each candlestick has a wide part, which is called the "real body". This real body represents the range between the open and close of that day's trading. When the real body is filled in or black, it means the closing price was lower than the opening price. In that case, the top of the candlestick represents the opening price and the bottom, the closing price.
If the real body is empty or white, it means the close was higher than the open. In that case, the top of the candlestick represents the closing price and the bottom, the opening price. Just above and below the real body are the shadows. The top of the upper shadow gives the intra-day high and the bottom of the lower shadow gives the intra-day low.
3. The day the difference between high price and low price was maximum was .
4. Please choose this drop-down as a Graphs question needs to have 2 .
Could you please explain the answer? Why not on October 16? Thank you
Show more
Sure!
1. The problem asks us to find the day the difference between high price and low price was maximum.
2. The high price on a candle stick is located on the upper shadow (very top) and the low price is located on the lower shadow (very bottom).
3. Now let's look at the candlesticks on October 12th and 16th. October 12th has a high at around $37 and a low at $32. This makes a difference of about $5. October 16th has a high at around $36 and a low at $32. This makes a difference of $4.
4. $5 is more than $4, so October 12th has a larger difference than October 16th.