A Stock Screen for Turnover, Opening Price, and Daily Range

Summary

This Chinese-language post presents a short-term stock selection screen using three conditions: turnover ratio between 3% and 12%, opening price near the 10-day moving average, and intraday range of at least 1% of the opening price. The opening-price condition is operationalized as a value within 5% above or below the moving average. The range condition compares the high-low difference with the opening price. The post supplies formula examples and a Python data-frame filter that apply these criteria.

The author characterizes the screen as combining trading activity, price location, and volatility, and notes that it may suit short-term trading. No historical returns, sample definition, or comparison against a benchmark are provided, so its effectiveness is not established. The post cautions that technical conditions can behave differently as market style changes and that the screen omits company fundamentals. It suggests adding financial, industry, relative-strength, or volume analysis, but does not test those additions.

Key ideas

• The screen selects stocks with turnover from 3% through 12%.
• The opening price must fall within 5% of the 10-day moving average.
• The intraday high-low range must be at least 1% of the opening price.
• The post provides formula and Python examples but no backtest results.
• It warns that the screen omits fundamentals and may be sensitive to changing market conditions.

Tags

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