Chinese Stock Screen Using Turnover, Daily Range, and a 30-Week Average

Summary

This stock-selection example combines three technical filters: daily amplitude above 1, prior-day actual turnover between 3% and 28%, and a weekly close crossing above its 30-week moving average. The proposed rationale is to find shares with a large trading range, active turnover, and a longer-term upward signal. The article includes example formula and Python snippets, though the code mixes data sources and its turnover calculation may not represent actual turnover as described.

The document does not report backtest results or establish that the filters predict returns. It explicitly cautions that the screen ignores company financial and operating conditions, which may leave selections disconnected from fundamentals and increase risk. It suggests combining technical and fundamental analysis, but does not specify a tested method for doing so. Treat the thresholds and crossing rule as an illustrative screen that would need careful implementation checks and independent evaluation.

Key ideas

• The screen requires daily amplitude above 1 and prior-day turnover between 3% and 28%.
• It also looks for the weekly close to cross above its 30-week moving average.
• The article presents example implementation snippets but does not provide performance evidence.
• Its technical filters omit company fundamentals, and the stated code may not precisely implement actual turnover.

Tags

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