A-Share Screening with Moving-Average Clusters and Order Flow
Summary
This note describes a Chinese A-share screening idea that combines three conditions: at least five moving averages converge, the stock ranks by large-order net volume, and its 9:25 quoted gain is below 6%. The author interprets these as signs of price stability, substantial trading activity, and limited early price movement, respectively. The note suggests considering fundamentals such as valuation, earnings stability, and industry prospects alongside the screen.
No backtest results or performance evidence are provided. The proposed conditions are presented as a way to identify candidates, not as proof of investment value. The author cautions that the screen can exclude stocks with different volume or price behavior and says it should be combined with other analysis. The document does not specify how to measure moving-average convergence, define the order-flow ranking period, or assess the added fundamental criteria.
Key ideas
- The screen selects A-shares with at least five converging moving averages.
- It also requires a high ranking by large-order net volume and a 9:25 gain below 6%.
- The author treats these conditions as signals of price stability, trading activity, and restrained early movement.
- The note recommends adding valuation, earnings, and industry analysis.
- No performance results are supplied, and the screening definitions are not fully specified.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.