Chinese Stock Screen Using Price Range, Limit-Up, and Auction Return

Summary

This Chinese stock-screening note describes filtering out specially treated shares and looking for stocks with a price range above 1, a recent five-session closing high, and an opening auction return between -2% and 5%. It presents the conditions as a technical approach focused on activity and short-term price behavior, with a suggested selection window before 10 a.m. The article also provides formula and data-processing examples for applying the range, name, recent-high, and opening-return filters.

No backtest, trade records, or performance measures are provided, so the screen’s effectiveness is unknown. The note warns that auction prices can reflect sentiment, strict conditions may exclude potential candidates, and a focus on short-term patterns leaves company finances and operating risks unexamined. It suggests adding fundamental and technical measures such as financial indicators, volume, or moving averages, and using risk controls. The examples do not specify a full trading plan, including position sizing, exits, or execution assumptions.

Key ideas

• The screen combines a recent five-session closing high with price-range and opening-auction return conditions.
• It excludes specially treated stocks and focuses on short-term activity and price patterns.
• The article gives implementation examples but no performance evidence.
• Auction moves can be sentiment-driven, while strict filters and omitted fundamentals create limitations.

Tags

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