A Short-Term Chinese Stock Screen Using Range, Price Highs, and Theme

Summary

This Chinese equity screen combines a minimum daily price range, exclusion of ST-designated stocks, a five-day closing-high condition, and a name-based filter for the metaverse theme. The accompanying example computes a range measure from the day’s high and low relative to the prior close, then retains stocks whose close equals the rolling five-day maximum. The title also frames the selection as occurring before 10 a.m., though the supplied logic does not specify how to enforce that timing.

The article characterizes the approach as blending short-term technical and fundamental considerations, but the displayed rules contain no fundamental data. It provides no backtest or outcome evidence, and the “five-limit-up” label is not defined beyond the rolling-high condition. The author flags omission of broader fundamentals and the risks of chasing rising prices or selling into declines, and suggests adding more indicators and managing positions as conditions change.

Key ideas

• The screen selects stocks with a daily range above one and excludes names marked ST.
• It requires the close to match the highest close in a rolling five-day window.
• A text match for the metaverse theme is used as a proxy for thematic exposure.
• The provided logic does not implement the stated pre-10 a.m. selection timing.
• The article supplies no performance test and warns that the rules may overlook fundamentals and expose users to chasing risk.

Tags

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