A-Share Screen Combining Positive MACD, Low Price, and a Rising 30-Day Average

Summary

This Chinese-language post describes a daily A-share screen that selects stocks with MACD above zero, prices below 12 yuan, and a rising 30-day moving average. The stated idea is to combine a momentum-related technical indicator with a low share-price filter and evidence of an upward price trend. The post’s explanation associates the rising average with favorable recent price behavior, while suggesting that fundamental factors should also be considered.

The author identifies several limitations: low-priced shares may have weak businesses or poor quality, the screen omits fundamental measures such as valuation ratios, and recent price trends can be affected by short-term noise. Suggested refinements include adding fundamental filters, quantifying and refining the technical conditions, and using more indicators. The post provides a moving-average formula and a Python example, but that example checks the latest close against the average rather than explicitly confirming that the average itself is rising. It gives no backtest or evidence that the screen produces superior returns.

Key ideas

• The screen combines MACD above zero, a price below 12 yuan, and a rising 30-day moving average.
• The moving-average condition is intended to select shares with a favorable recent trend.
• Low share prices alone do not indicate quality and may coincide with weak fundamentals.
• The screen may be noisy because it focuses on recent price behavior and omits fundamental filters.
• The post recommends adding quantified technical and fundamental criteria but provides no tested performance results.

Tags

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