Chinese Stock Screen Using Turnover, IPO Year, and Weekly MACD

Summary

This document describes a Chinese equities screen that selects stocks with turnover between 3% and 12%, an IPO year of 2021, and weekly MACD above zero. It explains the screen as a way to identify potentially growing, smaller-cap stocks, though the stated rules do not themselves include a market-cap filter. The article also outlines MACD calculations and gives example implementation material for retrieving stock data and checking the indicator.

The document cautions that the screen relies on a single technical indicator and historical data, and that MACD may give misleading signals during volatile markets. It suggests combining indicators such as KD, RSI, or Bollinger Bands with fundamental measures, but provides no comparative test of these alternatives. No performance results for the stated screen are reported, so its profitability and robustness remain unestablished.

Key ideas

• The screen requires turnover between 3% and 12%, an IPO year of 2021, and weekly MACD above zero.
• The article presents weekly MACD as a trend filter for selecting stocks.
• It warns that a single technical signal can be unreliable and does not account for fundamentals.
• The article recommends testing additional indicators and fundamental inputs, but reports no results for those changes.

Tags

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