Question

On a particular day, there were 600 stocks that advanced on the NYSE and 700 that declined. The volume in advancing issues was 80,846,000, and the volume in declining issues was 70,397,000. The trin ratio is _ , and technical analysts are likely to be __.

Answer 1

Answer:

0.75 bearish

Explanation:

Calculation to determine what The trin ratio is, and technical analysts are likely to be .

Using this formula

Trin ratio=Advancing issues volume/Advance Stock NYSE/Volume in declining /Decline stock NYSE

Let plug in the formula

Trin ratio=70,397,000/700/80,846,000/600=1.11

Trin ratio=$100,567.14/$134,743.33

Trin ratio=0.75

Therefore The trin ratio is 0.75 and technical analysts are likely to be BEARISH