Chinese Stock Screen Using Daily Range, 10-Day Price Proximity, and 30-Day Trend

Summary

This post describes a short-term Chinese equity screen that combines recent price movement with moving-average context. It selects stocks with a daily high-low range above 1%, an opening price within roughly 5% of the 10-day moving average, and a rising 30-day moving average. The accompanying examples show how these conditions can be expressed in indicator formulas and Python, with volume used to rank qualifying stocks.

The rationale is that a wider range signals activity, an open near the shorter average may indicate a pullback, and an upward longer average suggests an existing uptrend. The post frames the setup as a way to seek rebounds during a possible technical breakout, but provides no backtest, performance figures, or detailed entry and exit rules. It cautions that the screen omits fundamentals, may mislead in sideways markets, and can be affected by abrupt short-term volatility. It recommends considering broader market conditions, adding other selection factors, and defining risk controls before use.

Key ideas

• The screen requires a daily range above 1%, an opening price near the 10-day average, and an upward-sloping 30-day average.
• The conditions are presented as a way to find pullbacks within an existing upward trend.
• The examples include formula and Python implementations, with volume used to rank selected stocks.
• The post supplies no performance evidence or complete trading rules, and warns that technical signals can fail in choppy or volatile markets.

Tags

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