Chinese Beverage and Liquor Stock Screen Using RSI, Volume, and Gaps

Summary

This Chinese equity screening idea combines a 14-period RSI below 65 with membership in the beverage and liquor import-export industry, trading volume above 10,000 lots, and a session in which the high is above the open. The article presents the conditions as a way to combine a technical reading, an industry filter, and signs of trading activity. It also includes example indicator and screening logic, including a Python version that adds a market-cap threshold and excludes special-treatment stocks.

The post offers no backtest or evidence that the screen predicts returns. It cautions that high volume does not establish market quality, and that an opening gap or any individual indicator can be misleading in noisy conditions. It suggests adding other technical and company fundamentals, considering closing prices and turnover, and adjusting the volume threshold to the market and stock. The examples should be treated as an initial screen: the article does not define a holding period, exit rules, or risk controls.

Key ideas

• The screen requires beverage and liquor import-export industry membership and a 14-period RSI below 65.
• It also selects stocks with volume above 10,000 lots and a daily high above the open.
• The Python example adds a market-cap filter and excludes special-treatment stocks.
• The article warns that volume and opening strength do not ensure good market quality or reliable signals.
• It proposes adding technical and fundamental filters, but provides no performance evaluation or exit method.

Tags

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