A-Share Screening with RSI, Main-Fund Control, and Historical Dividends

Summary

This A-share stock screen combines a 14-period RSI below 65 with a signal for main-fund control on the previous day and a dividend ratio above 25% for 2019. Its final stated rule adds earnings per share above one yuan and market capitalization above two billion yuan. The article presents these conditions as a way to blend a technical measure with capital-flow and company-fundamental filters; it also gives formula and code examples for applying them.

The article reports no backtest, returns, or comparison with a benchmark, so it offers a screening recipe rather than evidence of profitability. It explicitly notes that relying on dividends from a single, older year may not reflect current company finances or market conditions. It suggests adding valuation measures such as price-to-earnings and price-to-book ratios, as well as sector and macroeconomic context. The meaning and reliability of the “main-fund control” signal are not validated in the text, and the criteria would need current data and independent testing before use.

Key ideas

• The screen combines RSI below 65 with a previous-day main-fund control signal and a 2019 dividend ratio above 25%.
• The final rule also specifies earnings per share above one yuan and market capitalization above two billion yuan.
• The dividend filter relies on one historical year and may not represent current financial conditions.
• The article suggests supplementing the screen with valuation, sector, and macroeconomic information.
• It gives no performance results or validation of the capital-flow signal.

Tags

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