A-Share Screen for Positive MACD and Multi-Year Revenue Growth

Summary

This proposed A-share screen combines positive MACD with revenue growth and a minimum revenue scale. It requires MACD above zero, 2021 revenue to exceed 2018 revenue by more than a factor of 1.1, and 2021 revenue of at least 1 billion yuan. The article interprets the MACD condition as upward momentum and the historical revenue comparison as evidence of growth. It also discusses adding valuation, profitability, and longer-term business measures, though those are not part of the final stated criteria.

The post itself flags that the revenue figures are dated, that the screen omits other fundamentals such as earnings and valuation, and that strict thresholds can leave few candidates. It gives no backtest or return evidence. Its accompanying implementation references an additional market-cap limit and contains mismatches between the stated conditions and code, so it does not establish a reproducible or validated strategy.

Key ideas

• The stated screen requires MACD above zero.
• It compares 2021 revenue with 2018 revenue, requiring a ratio above 1.1.
• It requires 2021 revenue of at least 1 billion yuan.
• The post notes that historical revenue may be stale and omits other fundamental factors.
• The sample implementation contains conditions not present in the final selection rule.

Tags

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