A Turnover and Price-Action Screen for Shanghai-Listed Stocks

Summary

This post proposes screening stocks whose codes begin with 60, whose turnover rate lies between 3% and 12%, and whose price action is described as the start of a strong upward move. Its examples use price and range comparisons to approximate that technical condition, alongside turnover as a liquidity-related filter. The document offers sample query and Python approaches, but it does not define the upward-move concept consistently across them or show a dated list of selected stocks.

The author notes that stock moves may reflect company fundamentals and macroeconomic forces, and that the technical phrase used for the trend condition is ambiguous unless translated into explicit rules. Suggested improvements include combining moving averages or MACD with valuation measures. No backtest, benchmark comparison, or return evidence is supplied, so the screen should be treated as a rule sketch rather than a validated momentum strategy. Its usefulness depends on specifying the signal precisely and checking the data and turnover calculation used in implementation.

Key ideas

• The screen combines 3% to 12% turnover, stock codes beginning with 60, and an upward price-action condition.
• The post’s examples approximate the trend condition with price and range comparisons.
• The meaning of the upward-move signal is ambiguous and needs a precise definition.
• The post recommends adding technical and fundamental measures but gives no performance validation.

Tags

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