Chinese Stock Screen Using Relative Volume and a Rising 30-Day Average

Summary

This Chinese equity-selection rule ranks stocks by relative volume and selects the top ten, then applies a price ceiling of 18.5 yuan and requires the 30-day moving average to be rising. The accompanying explanation treats high relative volume as a sign of short-term capital interest and the rising average as evidence of an upward price trend. It also frames the price filter as a way to limit purchase cost.

The page cautions that relative volume reflects short-term activity rather than longer-term flows, and that a moving average does not capture company fundamentals. It suggests considering turnover, trading volume, valuation measures, and other trend indicators for a broader assessment. No backtest, returns, or selection results are provided, and the text's final strategy statement appears incomplete, so the screen should be understood as a proposed filter rather than a validated trading system.

Key ideas

• The screen ranks equities by relative volume and retains the ten highest-ranked names.
• It filters for prices below 18.5 yuan and a rising 30-day moving average.
• The explanation interprets relative volume as short-term interest and the moving average as a trend signal.
• The page identifies limits in using activity and price-trend indicators without fundamental analysis.
• It proposes adding turnover, volume, valuation, and other trend measures, but presents no performance evidence.

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