A-Share Stock Screening with MACD, Positive P/E, and Moving Averages

Summary

This document presents a daily pre-market stock screen combining three conditions: MACD above zero, positive trailing price-to-earnings ratio, and the 20-day moving average above the 120-day moving average. It frames these as a momentum and trend filter, with positive P/E used to exclude non-positive valuations. The article also sketches indicator formulas and a sample workflow for ranking candidates by trading activity.

It offers rationale but no backtest results or evidence that the selected stocks outperform. The stated conditions only describe eligibility and do not establish sound fundamentals, future gains, or low risk. Results depend on the chosen averages and market conditions; the document suggests testing additional indicators and periodically reviewing parameters. Its example code is illustrative and does not explain how MACD values or ranking data are reliably obtained, so it should not be treated as a validated implementation.

Key ideas

• The screen requires MACD above zero, positive P/E, and the 20-day average above the 120-day average.
• The moving-average comparison is intended to identify stronger short-term trends.
• The document proposes ranking selected stocks by trading activity but provides no performance evidence.
• Screening conditions alone do not confirm sound fundamentals or reduce investment risk.

Tags

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