A-Share Screening with Positive MACD, PE, and Price Range

Summary

The proposed stock screen selects shares with MACD above zero, a positive price-to-earnings ratio, and an intraday high–low range greater than one percent of the previous close. The article interprets these conditions as combining upward momentum, a positive valuation ratio, and elevated price movement. It also gives indicator formulas and sample screening and sorting logic, with return on equity used for ranking.

The article warns that these three filters alone do not establish company quality or investment value. MACD omits other technical evidence, positive PE does not describe overall financial health, and a large range can increase trading risk. It recommends adding broader fundamental and market-context analysis, including measures such as margins and profits. No backtest, portfolio results, or empirical evidence is reported, and the precise screening thresholds are presented without validation.

Key ideas

• The screen requires MACD above zero, positive PE, and a price range exceeding one percent of the previous close.
• The proposed interpretation combines momentum, valuation, and volatility filters.
• The example ranks qualifying stocks by return on equity.
• The article cautions that the filters do not replace broader fundamental analysis or assess investment value.
• No backtest or performance evidence is supplied.

Tags

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