A Stock Screen Using Daily Range, Two-Day Highs, and Mid-Cap Float Value

Summary

This post proposes a Chinese equity screen requiring daily price amplitude above 1%, a high equal to the highest of the current and previous sessions, and circulating market capitalization between 5 billion and 10 billion yuan. It presents the rules as a way to find stocks showing active price movement within a defined company-size range. The post then suggests adding an RSI condition and a price-to-earnings ceiling, producing an expanded version of the screen.

The document offers indicator formulas and sample selection logic, but no backtest results or evidence that the conditions are profitable. It acknowledges that the initial rules omit other technical and company-quality factors, and recommends considering operating performance and outlook. Some details remain underspecified: the RSI formula uses an unclear short period and crossover condition, and the expanded fundamental and technical filters are suggestions rather than validated improvements. The screen therefore describes a candidate selection method, not a demonstrated trading strategy.

Key ideas

• The initial screen combines daily amplitude above 1%, a two-session high, and circulating market value from 5 to 10 billion yuan.
• The proposed expanded screen adds an RSI threshold and a price-to-earnings ceiling.
• The post warns that market size and a few price indicators do not assess company quality comprehensively.
• The RSI period and crossover rule are not clearly defined.
• No historical performance results are provided.

Tags

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