Chinese Stock Screening with Positive MACD and High Turnover

Summary

This stock screen combines a positive MACD reading, a company or market-capitalization condition, and prior-day turnover above 8%. The article presents positive MACD as a way to favor upward trends and turnover as a liquidity filter. Its indicator reference expresses the company condition as positive circulating market capitalization, though the prose describes it more generally as company nature. The accompanying Python example also filters on positive circulating market capitalization and uses price and volume data to form a candidate list.

The article explains the intended rationale but gives no backtest results or performance evidence. It cautions that selected stocks can still fall, company fundamentals can change, and trading limits may not prevent losses. It suggests adding further financial and liquidity measures to assess candidates. The screen is therefore a simple selection rule, not a complete portfolio or risk-management plan; the relationship between its stated turnover condition and the sample code’s volume-to-market-cap calculation is also not fully clarified.

Key ideas

• The screen seeks stocks with MACD above zero and prior-day turnover greater than 8%.\nPositive MACD is used as a proxy for an upward price trend.\nThe article presents turnover as a way to avoid less liquid stocks.\nThe written company condition is vague, while the formula and example use positive circulating market capitalization.\nThe article provides no performance evidence and warns that market and company risks remain.

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