Mainland China Stock Screen Using RSI, Daily Gains, and the Five-Day Average

Summary

This stock-selection screen targets mainland Chinese main-board shares that have risen by more than 1% on the day, have an RSI below 65, and trade above their five-day moving average. The accompanying query also sorts qualifying names by trading volume, while example code describes filtering market data and returning a limited list of stocks. The stated rationale is to combine a momentum condition with a moderate RSI reading and a short-term price-trend filter.

The article suggests diversification and risk controls, and notes that the screen relies on recent price behavior while omitting company fundamentals. It proposes adding indicators such as volatility and valuation measures, or changing the average and its period. No backtest results or portfolio rules are supplied. The code examples also use different data operations and filters, so implementation details may not match the prose exactly; the screen should be treated as a selection recipe rather than evidence of returns.

Key ideas

• The screen selects main-board shares with RSI below 65 and a daily gain above 1%.
• A price-above-five-day-average condition is used as a short-term trend filter.
• The query ranks qualifying stocks by trading volume.
• The article identifies short-term price dependence and missing fundamentals as limitations.
• No performance test or complete portfolio construction method is provided.

Tags

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