Low-Priced A-Shares with Positive MACD and No Prior-Day Limit-Up

Summary

This Chinese equity screen selects shares priced below 12 yuan whose MACD is above zero, while excluding shares that hit a limit-up on the previous day. The note frames positive MACD as a technical entry condition and the prior-day exclusion as a way to reduce the influence of limit-up-related market excitement. It includes indicator references and sample code that checks recent price data and a prior limit-up record; the code also mentions capital-change and trading-volume data.

No backtest, return statistics, or comparative evidence is provided, so the claimed potential suitability for short-term investors remains unverified. The note acknowledges that excluding recent limit-up stocks can miss shares responding to favorable news and that the screen does not capture market sentiment comprehensively. It proposes adding valuation, profitability, other technical indicators, and order-flow or capital-flow measures, without specifying or evaluating a combined model. The sample implementation's extra data filters make it broader than the three stated selection conditions, so implementation details would need clarification before reproducing the screen.

Key ideas

• The stated screen requires MACD above zero and a share price below 12 yuan.
• It excludes stocks that reached the limit-up level on the previous day.
• The author presents the exclusion as a way to reduce the effect of limit-up sentiment.
• The note gives no performance evidence and says the filter may miss news-driven opportunities.

Tags

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