A Stock Screen Using Positive MACD, Listing Age, and Company Filters

Summary

This post describes a stock-selection idea that combines MACD above zero, a favorable company characteristic, and a minimum listing history. Its rationale treats positive MACD as a sign of price strength and listing age as a way to avoid very recently listed firms. It also discusses adding valuation measures and more detailed financial analysis, while acknowledging that listing tenure alone does not establish company quality and that market sentiment can affect prices.

The implementation examples conflict with parts of that description. The indicator formula uses a moving-average crossover and excludes two industries rather than explicitly screening for company quality or listing age. The Python example does check listing date, valuation, and positive MACD, but also applies volume-flow filters and contains apparent mismatches between requested and later-used price fields. No backtest, benchmark, transaction-cost analysis, or evidence of returns is supplied. The screen should be treated as an incomplete specification: its criteria need reconciliation and its predictive value needs testing before it can support an investment decision.

Key ideas

• The stated screen combines positive MACD, a company-quality condition, and sufficient listing history.
• The rationale associates positive MACD with price strength and listing age with a longer market record.
• The post notes that listing age does not guarantee strong financial performance and suggests adding valuation and fundamental analysis.
• The indicator and Python examples implement different criteria from the prose and from each other.
• The document provides no performance evidence or completed validation.

Tags

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