A Stock Screen Combining Daily Range, the 10-Day Average, and Price

Summary

This Chinese equity screening example combines three conditions: a price amplitude above 1%, an opening price within 5% of the 10-day moving average, and a closing price of 18.5 yuan. The accompanying explanation associates the range condition with volatility, the moving-average condition with relative price stability, and the fixed-price filter with an accessible price level. Formula and Python-style examples illustrate how to compute the conditions and intersect the resulting stock sets.

The document offers no historical test, candidate list, or evidence that these filters produce attractive returns. Its own caveats acknowledge that a single-price and technical screen may overlook company quality, financial condition, industry outlook, and other drivers. It recommends considering fundamental measures, combining them with technical data, and diversifying across industries and styles. The stated rationale is therefore speculative; the listed thresholds, particularly the exact closing-price condition, are examples rather than a demonstrated investment method.

Key ideas

• The screen requires amplitude above 1%, an open within 5% of the 10-day moving average, and a close at 18.5 yuan.
• The article frames range and moving-average proximity as volatility and stability filters.
• The examples show how to calculate each condition and combine qualifying symbols.
• No backtest or performance evidence is provided, and the article notes that fundamental factors are omitted.

Tags

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