A-Share Screening with MACD, Three Down Days, and Dividend Payouts

Summary

This A-share stock screen combines a technical condition with a historical dividend filter. It seeks stocks with MACD components above zero, three consecutive declining sessions, and a dividend payout ratio above 25% for 2019. The accompanying example describes using the 12, 26, and 9 MACD parameters and allocating portfolio value across selected stocks. The post frames this as a way to combine price signals with company characteristics, but it does not provide backtest results or evidence that the combination is profitable.

The discussion flags the limited number of selection criteria and the uncertainty of using past dividends to infer future distributions. It suggests adding valuation and earnings-growth measures, reviewing the screen as conditions change, and evaluating it against a suitable benchmark. The example code’s precise checks do not fully establish the stated three-day decline condition, and the historical dividend window makes the screen time-specific. The rules are therefore best treated as a screening hypothesis requiring clear definitions, point-in-time data, and independent testing.

Key ideas

• The screen combines positive MACD readings with three consecutive down sessions and a historical dividend payout filter.
• The stated dividend threshold applies to 2019, so the screen depends on a specific historical period.
• Past distributions do not establish that a company will continue paying dividends.
• The post recommends broader fundamental checks and evaluation against a benchmark.
• The example implementation should be checked against the intended three-day decline rule.

Tags

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