A-Share Screen Using MACD, Price, and Auction-Period Change
Summary
This A-share screening idea selects stocks before the market opens when MACD is above zero, the share price is below 12 yuan, and the auction-period change is between -2% and 5%. It combines a trend indicator with a low-price filter and a measure of very recent market sentiment. The document gives a sample MACD formula and illustrative Python screening logic, but no backtest or performance evidence.
The suggested rationale is that the MACD filter may identify positive momentum while bounded auction changes avoid the most extreme opening moves. The limitations are substantial: the auction change captures only a short interval, a low share price does not establish business quality, and MACD above zero alone does not rule out a pullback or declining trend. The article suggests adding valuation, volume, or other technical measures, but does not test these refinements or define a complete portfolio and execution plan.
Key ideas
- The screen requires MACD above zero, a price below 12 yuan, and an auction change from -2% to 5%.\nIt is intended to run before each trading day’s open.\nThe document provides illustrative indicator and data-screening examples but reports no tested results.\nShort auction windows, low-price company risks, and a broad MACD condition can all weaken selection quality.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.