A-Share Screen for Positive MACD, Low Share Price, and Non-STAR Stocks

Summary

This short strategy note describes a daily pre-open screen for mainland Chinese equities. It selects stocks with MACD above its zero line, a share price below 12 yuan, and excludes STAR Market stocks. The article explains the conditions and gives example implementations using formula syntax and Python, although the Python example also excludes ChiNext shares, making that version narrower than the stated non-STAR rule.

The rationale combines a positive trend signal with a low nominal share price and an exchange-segment filter. The note offers no backtest, performance statistics, or evidence that these conditions identify stocks with upside potential. It flags changing market conditions and the uncertainty of excluding a market segment as risks, and suggests adding liquidity and fundamental measures. The screen is a basic selection rule; it does not specify portfolio sizing, entry or exit rules, transaction costs, or risk controls, so the examples alone do not define a complete trading strategy.

Key ideas

• The screen checks for MACD above zero and a share price below 12 yuan.
• It excludes STAR Market stocks and is intended to run before each trading session.
• The Python example additionally excludes ChiNext stocks, unlike the broader stated rule.
• The article supplies no performance test and proposes adding liquidity and fundamental filters.

Tags

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