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Updated on: 01 Dec 2023, 12:07
Originally posted by Sajjad1994 on 16 Mar 2021, 06:30.
Last edited by BottomJee on 01 Dec 2023, 12:07, edited 3 times in total.
Last edited by BottomJee on 01 Dec 2023, 12:07, edited 3 times in total.
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Dropdown 1: 3
Dropdown 2: 14 Oct
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
64% (03:25) correct
36%
(03:09)
wrong
based on 1470
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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.
2. The day the price of the stock did not go lower than the opening price is .
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Dropdown 1: 3
Dropdown 2: 14 Oct
05 Feb 2024, 07:18
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1) We want to know the number of days which the high price was higher than the opening price by more than 5% .
The prices in general are about $34. So 5% of $34 is about $1.7. (*)
So what we want is to know the number of days in when the high price was higher than the opening price by more $1.7.
To be able to make this question quickier, its useful to separate our analisys of white real body candle sticks from black real body.
After doing so (see picture attached) the days that satisfy the constrains are: 11,14 and 17.
2) The day the price of the stock did not go lower than the opening price is ___ <=> candle stick which Lower = open
The first thing to notice here is that for black candle sticks, close<open (this is the definition of black candle sticks), and since lower<=min(close,open) (this is the definition of the "lower" point of the candle sticks), then lower<=min(close,open)=close<open. In other words, we will not find a day which lower = open in the black candle sticks. Lets move on to the whites.
A white candle stick which lower = open don't have the segment below the "real body". There is only one day like this: 14-oct
(*) To be more precise, we can do this because every opening prince is between 33 and 36.1. And 5% of these numbers are $1.65 and $1.8. In practise, "more than $1.5 and less than a $2" is enough to proceed with the analisys.
The prices in general are about $34. So 5% of $34 is about $1.7. (*)
So what we want is to know the number of days in when the high price was higher than the opening price by more $1.7.
To be able to make this question quickier, its useful to separate our analisys of white real body candle sticks from black real body.
After doing so (see picture attached) the days that satisfy the constrains are: 11,14 and 17.
2) The day the price of the stock did not go lower than the opening price is ___ <=> candle stick which Lower = open
The first thing to notice here is that for black candle sticks, close<open (this is the definition of black candle sticks), and since lower<=min(close,open) (this is the definition of the "lower" point of the candle sticks), then lower<=min(close,open)=close<open. In other words, we will not find a day which lower = open in the black candle sticks. Lets move on to the whites.
A white candle stick which lower = open don't have the segment below the "real body". There is only one day like this: 14-oct
(*) To be more precise, we can do this because every opening prince is between 33 and 36.1. And 5% of these numbers are $1.65 and $1.8. In practise, "more than $1.5 and less than a $2" is enough to proceed with the analisys.
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