Chinese Stock Screen Combining MACD, Earnings Growth, and Opening Gains

Summary

This note outlines a Chinese equity screen requiring MACD above its zero line, year-over-year net-profit growth greater than 20% and no more than 100%, and a 9:25 a.m. price gain below 6%. It presents the combination as a way to pair a technical trend condition with a profitability-growth filter while limiting very large early gains. Sample formula and Python references show how the author intends to retrieve data, filter candidates, rank by earnings growth, and place orders.

The post offers no backtest or return evidence. It cautions that early gains can fade, MACD can lag, and a single earnings measure misses broader financial conditions. The code also appears inconsistent with the stated timing: its daily routine is scheduled later than 9:25, and its price check uses a current tick. Suggested additions include other technical and financial measures and industry valuation comparisons, but these improvements are not tested. The screen is therefore a proposal with implementation and validation questions.

Key ideas

• The screen combines a positive MACD condition with bounded year-over-year net-profit growth and a cap on the 9:25 a.m. gain.
• The sample code ranks qualifying stocks by earnings growth and selects a limited number for orders.
• The post provides no performance test to establish whether the filters predict returns.
• It identifies fading opening moves, lagging indicators, and incomplete financial analysis as risks.
• The code's scheduled run and current-price check may not faithfully implement the stated 9:25 condition.

Tags

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