Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following table contains data on market advances and declines. Day Advances Declines Day Advances Declines 1 966 724 6 974 742 2 693 1,006
The following table contains data on market advances and declines.
Day | Advances | Declines | Day | Advances | Declines |
1 | 966 | 724 | 6 | 974 | 742 |
2 | 693 | 1,006 | 7 | 1,042 | 729 |
3 | 721 | 849 | 8 | 911 | 722 |
4 | 563 | 1,088 | 9 | 910 | 778 |
5 | 489 | 1,095 | 10 | 770 | 766 |
a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.)
Day | Advances | Declines | Net Advances | Cumulative Breadth | |||||
1 | 966 | 724 | |||||||
2 | 693 | 1,006 | |||||||
3 | 721 | 849 | |||||||
4 | 563 | 1,088 | |||||||
5 | 489 | 1,095 | |||||||
6 | 974 | 742 | |||||||
7 | 1,042 | 729 | |||||||
8 | 911 | 722 | |||||||
9 | 910 | 778 | |||||||
10 | 770 | 766 | |||||||
b. | Whether this technical signal is bullish or bearish. | ||||
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started