MACD and Valuation Filters for Chinese Mainboard Stock Selection

Summary

This post describes a daily pre-market screen for Shenzhen mainboard stocks. It combines a MACD condition above the zero line with a share price ceiling and bounded price-to-earnings and price-to-book ratios. The accompanying discussion frames the filters as a blend of technical momentum and valuation, and suggests pairing them with broader fundamental and market analysis. It also provides indicator and data-screening examples, but those examples do not establish a complete, reproducible portfolio process.

The post supplies no backtest results, benchmark comparison, holding rules, portfolio sizing, execution assumptions, or evidence that the thresholds predict returns. It acknowledges that accounting multiples alone may not capture business quality and that fundamentals and market conditions can change. Data sourcing and update requirements are also mentioned, which matter for implementation. The screening logic is therefore a hypothesis for further testing; claims that the selected stocks have low risk or high investment value are not substantiated by performance evidence in the text.

Key ideas

• The screen combines a positive MACD condition with price, price-to-earnings, and price-to-book limits.
• It applies to Shenzhen mainboard equities and is intended to run before the trading session.
• Valuation multiples do not fully measure company quality and should be evaluated alongside other information.
• The post provides no backtest evidence or portfolio rules to demonstrate that the filters produce an edge.

Tags

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