A-Share Screening with RSI, Daily Gains, and Turnover Filters
Summary
This proposed Chinese mainland equity screen selects main-board stocks with a 14-period RSI below 65, a daily gain above 1%, and turnover between 3% and 12%. The accompanying examples show how to calculate RSI and daily returns, filter for listed shares while excluding special-treatment names, and sort qualifying stocks by market capitalization. The article frames the RSI threshold as identifying relatively weak stocks that may rebound, while the daily gain is intended to indicate current activity; the turnover band aims to screen out very quiet shares and unusually high turnover.
The document provides no backtest, benchmark comparison, or measured performance for this rule, and its rationale combines short-term price conditions with an assumption about the main board. It warns that the approach may over-rely on market attention and price swings while overlooking company fundamentals, liquidity, or selling pressure. Suggested additions include valuation and earnings-growth measures, volatility information, and deeper fundamental review, but these are proposals rather than tested improvements.
Key ideas
- The screen combines RSI below 65, a daily price gain above 1%, and turnover from 3% to 12%.
- It limits the universe to main-board shares and proposes excluding special-treatment or suspended stocks.
- The article interprets the RSI condition as potential rebound selection and the daily gain as a sign of active trading.
- It supplies screening logic but no reported backtest or evidence that the rules produce returns.
- It recommends considering valuation, earnings growth, volatility, and company fundamentals alongside the filters.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.