Chinese Stock Screen Combining MACD, Company Type, and Turnover

Summary

This Chinese equity screening rule selects stocks whose MACD value is above zero, excludes two company-type codes, and requires average turnover over 30 days to fall between 3% and 12%. The article describes this as combining a technical condition with a company classification filter and a liquidity or activity range. It also offers a Python example that retrieves market and company data, calculates MACD, checks turnover and company type, and prints stocks that pass the conditions.

The article gives no historical test results or evidence that the screen predicts returns. It explicitly warns that turnover within the chosen range does not ensure good future performance and that market conditions and policy changes can affect outcomes. It suggests adding volume-related measures and deeper financial analysis, such as revenue and profit growth, but does not define those tests or provide implementation details. The exact meaning of the company-type exclusions and consistency of the sample code’s data fields may depend on the data provider and its conventions.

Key ideas

• The screen requires MACD to be above zero and average 30-day turnover to fall within a specified band.
• It excludes two company-type categories using provider-specific codes.
• The example workflow retrieves stock data, calculates MACD, applies the filters, and lists qualifying names.
• The article cautions that the conditions do not guarantee positive future performance.
• It proposes adding volume measures and financial statement analysis, without specifying those filters.

Tags

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