Combining Historical Dividends, Moving Averages, and Limit-Up Filters

Summary

This post proposes screening Chinese stocks using three conditions: a 2019 dividend payout ratio above 25%, no limit-up session on the previous day, and at least five moving averages converging. It presents moving-average convergence as a possible sign of price stability or nearby support and resistance, and treats the dividend threshold as a shareholder-return filter. The article gives a partial Python example, but reports no backtest or performance evidence.

The implementation is incomplete and does not reliably express the stated screen. Instead of measuring five averages as converged, the shown conditions compare selected moving averages in chained inequalities; the code is also cut off before completion. The article’s explanation describes the criteria as mainly fundamental, although two are technical, and notes that market sentiment and external conditions are missing. It suggests adding indicators and filters such as valuation or market capitalization. Because the dividend data is tied to 2019 and the code is incomplete, the idea requires updated data, precise definitions, and testing before it can guide decisions.

Key ideas

• The proposed screen combines a 2019 dividend payout threshold, absence of a prior-day limit-up, and convergence among at least five moving averages.
• The post interprets moving-average convergence as a possible sign of price stability or nearby support and resistance.
• The supplied code is truncated and compares selected moving averages rather than clearly testing convergence.
• The author identifies missing market and sentiment context and suggests adding indicators and company filters.
• No backtest or performance results are provided.

Tags

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