Chinese Stock Screening with RSI, Trend Structure, and Dividend Ratio

Summary

This stock selection idea combines a technical filter with a historical dividend measure. It selects equities with a 14-period RSI below 65, a “main uptrend start” condition defined by unchanged 30-day high and low extremes versus the prior period, and a 2019 dividend ratio above 25% of the reference closing price. The document provides corresponding screening expressions and a Python example that checks market data and dividend records before returning selected stock codes.

The author frames the screen as a way to combine price behavior with company distributions, but provides no performance results or evidence that the conditions predict returns. The 2019 dividend information may be stale, and an unusually high payout can reflect weak reinvestment capacity or other short-lived factors. The stated trend condition also describes unchanged rolling extrema, so its interpretation as an uptrend trigger is not established. The post recommends adding valuation measures and risk controls; the strategy should be treated as a screening example rather than a validated trading system.

Key ideas

• The screen requires a 14-period RSI below 65 and a dividend ratio above 25% based on 2019 data.
• Its trend condition compares current 30-day high and low extremes with the prior period.
• The provided Python example filters stocks using historical prices and dividend records.
• The document warns that old payout data and unusually large distributions may be misleading.
• No backtest or evidence of profitability is presented.

Tags

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