Chinese Stock Screen Combining Moving Average Convergence, KDJ, and Dividends

Summary

This Chinese stock selection proposal combines three filters: at least five moving averages converge, KDJ has just formed an upward crossover, and the stated 2019 dividend ratio exceeds 25%. The explanation interprets moving average convergence as possible price consensus, the KDJ crossover as a bullish technical signal, and a high dividend ratio as a sign of potential shareholder returns. It recommends checking company fundamentals and diversifying holdings after screening.

The document provides illustrative code references, but its KDJ calculation is not clearly aligned with a conventional KDJ formulation, and the dividend ratio definition and data timing are not fully specified. It gives no backtest, sample of qualifying stocks, or measured returns. The proposed rationale is therefore a screening hypothesis, with the document itself acknowledging that technical signals and market changes can mislead and that fundamental analysis may be needed.

Key ideas

• The screen requires five or more converging moving averages, a newly formed bullish KDJ crossover, and a 2019 dividend ratio above the stated threshold.
• The proposal interprets moving average convergence as price consensus and the KDJ crossover as a possible bullish signal.
• It suggests adding fundamental analysis and diversifying across stocks.
• The document provides no backtest or performance evidence, and its indicator and dividend calculations are not fully specified.

Tags

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