A Stock Screen Combining Daily Range, Five-Day Trend, and Price

Summary

This note describes a simple Chinese-equity screen using three conditions: daily high-low range relative to the prior close above a threshold, closing price above its five-day moving average, and a closing price of 18.5 yuan. The accompanying explanation interprets the range as a sign of trading activity and the moving-average condition as a possible short-term uptrend. It also suggests checking company fundamentals and setting loss and profit controls before trading candidates.

The post provides example screening logic and sample implementation references, but it reports no backtest, returns, or evidence that the rules predict gains. The price condition is unusually exact and may select few stocks; the examples also differ in how they express the range threshold. The author notes that the screen omits valuation and financial health, and that a psychologically salient price level can attract speculative activity. Treat it as an initial filter, not a validated strategy.

Key ideas

• The screen requires a daily range above a threshold, a close above the five-day average, and a close at 18.5 yuan.
• The post treats a close above the short moving average as a possible sign of an upward trend.
• It recommends adding fundamental checks and loss and profit controls.
• No backtest or performance evidence is provided, and the exact price rule may sharply limit candidates.

Tags

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