A-Share Screen Combining MACD, Positive Earnings Valuation, and Recent Limit-Ups

Summary

This A-share stock screen selects securities after each trading session when MACD is above zero, trailing price-to-earnings is positive, and at least one limit-up move occurred during the recent month. The document presents MACD as a trend-strength filter, positive earnings valuation as an eligibility condition, and a recent limit-up as a sign of market attention. It also outlines formulas and example implementation references, with market capitalization as the proposed ranking basis.

The write-up offers no backtest or performance evidence, so its claims about strength and upside are not demonstrated. It cautions that technical signals and past price action can overlook fundamentals, that a short-term focus may miss longer-term opportunities, and that chasing recent winners can raise risk. Suggested refinements include adding other technical and fundamental measures, evaluating longer-term trends, and considering limit-up frequency and trading volume. The screen remains a heuristic whose results depend on data quality and implementation choices.

Key ideas

• The screen requires MACD above zero, positive trailing earnings valuation, and a recent limit-up event.
• Selection is performed after each trading day, with market capitalization suggested for ranking.
• The document gives a rationale for the filters but reports no measured backtest results.
• Reliance on recent momentum and price limits can encourage chasing and neglect fundamental risks.
• Additional indicators, longer-term analysis, and volume information are suggested as refinements.

Tags

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