Mainboard Stock Screening with Turnover, Daily Gains, and Weekly MACD

Summary

This note describes an equity screen for mainboard stocks that are not designated ST. Its stated conditions are turnover between 3% and 12%, a daily gain above 1%, and weekly MACD above the zero line. The intended combination uses trading activity and recent price strength alongside a trend filter. The article also suggests adding indicators such as moving averages or RSI and combining technical signals with company fundamentals.

It provides example formula and Python snippets, but they do not consistently implement the stated screen: the formula adds a MACD crossover and trading-value condition, while the Python example checks daily MACD and signal-line values and listing age rather than weekly MACD. No performance results or validation are presented. The authors acknowledge that market conditions and unexamined company fundamentals can lead to poor selections. The screen is therefore a rule-based idea, not evidence of an effective strategy; its timeframe, data definitions, and execution rules would need to be made consistent before evaluation.

Key ideas

• The stated screen combines turnover between 3% and 12% with a daily gain above 1%.\nIt restricts candidates to non-ST mainboard stocks with weekly MACD above zero.\nThe examples add conditions that differ from the written screening logic.\nThe note presents no backtest evidence and flags market and company-specific risks.

Tags

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