A Weekly MACD and Moving Average Screen for Rising Stocks

Summary

This Chinese equities screening strategy combines three technical conditions: daily amplitude above 1%, weekly MACD above zero, and a “main uptrend start” signal. The latter is defined by the 20-day moving average exceeding the 30-, 60-, 120-, and 240-day averages, alongside a close above the prior day’s close. The document also gives example indicator formulas and a Python outline for screening stocks.

The rationale is that high amplitude identifies more volatile stocks, positive weekly MACD suggests upward momentum, and the moving-average alignment indicates a rising trend. The source does not provide backtest results or evidence that the screen predicts returns. It warns that moving-average signals can lag and that the rules omit valuation and fundamental analysis. It suggests adding fundamental, valuation, cash-flow, liquidity, or other technical checks to assess candidates and manage risk.

Key ideas

• The screen selects stocks with daily amplitude above 1% and weekly MACD above zero.
• Its uptrend condition requires the 20-day average to exceed four longer moving averages.
• A close above the previous close is also required for the stated trend-start signal.
• The document gives no performance evidence and cautions that moving averages can lag.
• It recommends considering fundamentals, valuation, liquidity, and additional technical signals.

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