Please enter the following details
Read the following scenario and answer the THREE questions that follow.
The given candlestick chart depicts the prices of a particular stock over 10 consecutive days. A candlestick comprises of a rectangular box pieced by a line. The top and bottom ends of the line respectively indicate the maximum and minimum prices of the stock on that day, while the horizontal edges of the rectangle correspond to the stock's opening and closing prices. If the rectangle is white, the opening price is lower than the closing price, but if the rectangle is black, then it is the other way around.
Using the above information, answer the questions that follow:
What is the highest magnitude of change over two consecutive days (for example,Day 1 → Day 3 or Day 5 → Day 7), in the maximum price touched by the stock duringthe 10-day period (
choose the closest amongst the options given)?
Among the given days the magnitude of change in difference of the maximum price in an interval of two days is :
Day 1 - Day 3 : ( 2415, 2440) : 25
Day 2 - Day 4 : ( 2432.5, 2455) : 22.5
Day 3 - Day 5 : ( 2440, 2415) = 25
Day 4 - Day 6 : ( 2455, 2400) = 55
Day 5 - Day 7 : ( 2415, 2367.5) = 47.5
Day 6 - Day 8 : (2400, 2330) = 70
Day 7 - Day 9 : ( 2367.5, 2330) = 52.5
Day 8 - Day 10 : (2330, 2332.5) = 2.5
The maximum difference among the possible cases is : 70
Create a FREE account and get:
- All Quant Formulas and shortcuts PDF
- 15 XAT previous papers with solutions PDF
- XAT Trial Classes for FREE
