Chinese Stock Screen for Turnover, Three Down Days, and Listing Age

Summary

This Chinese equity screening proposal combines a turnover-rate band, three consecutive declining sessions, and a minimum period since listing. The page gives the intended selection logic and provides formula and Python examples intended to identify matching stocks. The suggested listing-age threshold is more than 180 days, while the turnover band is 3% to 12%. It frames the pattern as a technical screen with a listing-history filter, rather than a complete investment process.

The article supplies no backtest, sample, benchmark, or evidence that the screen predicts returns. It cautions that the rules omit industry trends, policy influences, company fundamentals, and other technical measures, and suggests adding valuation, earnings, sentiment, and indicators such as moving averages or MACD. The examples also appear inconsistent: the prose calls for three bearish candles, while the code checks descending closing prices, which is not equivalent to three sessions closing below their opens. The method therefore needs careful data and rule validation before use.

Key ideas

• The screen combines turnover between 3% and 12%, three declining sessions, and a listing age greater than 180 days.
• The article proposes the rules as a stock selection filter rather than a full valuation framework.
• Its Python example checks falling closes, which does not establish that each session formed a bearish candle.
• The document reports no historical performance evidence and recommends adding broader market and company factors.

Tags

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