Chinese Stock Screening with Turnover,龙虎榜 Activity, and Rising KDJ

Summary

This document describes a China A-share screening rule that combines a turnover range of 3% to 12%, appearance on the previous day’s 龙虎榜 (a public list highlighting unusual trading activity), and an increase in the KDJ indicator’s K value. It also gives example formula and Python implementations, including an additional circulating market capitalization filter between 50 and 100, though the prose summary of the final rule omits that filter.

The rationale is to combine trading activity with a short-term technical signal. The article cautions that KDJ alone cannot assess long-term value and that attention to turnover and recent price action may overlook company fundamentals and industry conditions. It suggests adding indicators such as MACD, RSI, or Bollinger Bands, alongside fundamental and sector analysis. No performance results or backtest evidence are presented, and the code examples may not match the stated rule exactly.

Key ideas

• The screen combines turnover between 3% and 12%, previous-day 龙虎榜 appearance, and rising KDJ K.
• The Python example also filters circulating market capitalization to between 50 and 100.
• The article presents the rule as a short-term technical screen rather than a complete valuation method.
• It recommends combining technical signals with fundamentals and industry analysis.

Tags

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