Equity Screening by Turnover, Circulating Share Value, and Prior MACD
Summary
This stock screen combines a turnover band of 3% to 12%, a circulating market value between 1 and 55 hundred million yuan, and a negative MACD reading from two sessions earlier. The post describes the filters as a mix of trading activity, company size, and technical conditions. Its code examples implement those thresholds, although the accompanying analysis makes an unsupported inference that the selected stocks are near relative lows.
No backtest, return data, or rationale for the specific thresholds is provided. The article notes that it omits company fundamentals and future prospects, and that MACD behavior can vary across stocks. It suggests combining the screen with other technical indicators, valuation and profitability measures, news, or machine-learning methods, but does not test those additions. The criteria should be treated as a screening recipe rather than a demonstrated source of excess returns.
Key ideas
- The screen limits turnover to 3%–12% and circulating market value to 1–55 hundred million yuan.\nIt requires MACD to have been negative two sessions earlier.\nThe article supplies code examples but no performance evidence for the thresholds.\nIt acknowledges that fundamentals are omitted and MACD may behave differently across stocks.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.