A-Share Screening with Daily and Weekly MACD and Positive P/E

Summary

This document describes a daily pre-market stock screen for Chinese equities. It selects stocks whose MACD is above zero, whose price-to-earnings ratio is positive, and whose weekly MACD is also above zero. The daily and weekly signals are presented as a way to combine shorter-term and longer-term trend conditions, while the P/E filter excludes companies with a nonpositive reading. It also gives formulas for MACD and a sample workflow for filtering and sorting stocks by date.

The rationale is that positive MACD readings suggest upward momentum, with weekly confirmation intended to indicate a longer trend. The document provides no historical performance, benchmark comparison, or detailed backtest. It cautions that the rules are simple, may not reflect actual conditions, and omit other technical and fundamental factors. Weekly confirmation may also fail to capture short-term price changes. The screen should therefore be treated as a candidate-selection rule rather than evidence of expected returns; the source further recommends combining it with additional indicators and fundamental analysis.

Key ideas

• The screen requires daily MACD and weekly MACD to be above zero.
• It excludes stocks with a nonpositive price-to-earnings ratio.
• The selection is scheduled before each trading day's open.
• The document offers no performance evidence and notes that the rules omit other relevant factors.

Tags

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