A Low-Priced Stock Screen Using MACD and a New Low

Summary

The proposed stock screen selects shares with MACD above zero, a closing price below 12 yuan, and a current-day low below the previous day’s low. It combines a momentum-style indicator with a price ceiling and a short-term price condition. The article presents the screen as a way to identify candidates for further consideration and includes example formulas and code intended to implement the filters, with selected shares sorted by reported popularity.

The document offers no backtest, return statistics, benchmark comparison, or evidence that the conditions reliably identify rising stocks. Its explanation that a lower daily low can reflect a rebound is not established by the rule itself; a lower low may also indicate continued weakness. The screen omits company fundamentals and does not specify portfolio sizing, entry and exit rules, transaction costs, or risk controls. It should therefore be read as a basic candidate filter rather than a complete or validated trading strategy.

Key ideas

• The screen requires MACD to be above zero and the closing price to be below 12 yuan.
• It also requires the current day’s low to be below the previous day’s low.
• The sample implementation ranks qualifying stocks by a popularity field.
• A lower daily low does not alone establish that a rebound is starting.
• The document provides no performance test or complete trading and risk-management rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.