Mainland China Stock Screen Using Turnover, Float Value, and Rising KDJ

Summary

The document outlines a stock selection rule for main-board shares, filtering for turnover between 3% and 12% and circulating market value between 5 billion and 10 billion yuan. Among the stocks meeting those conditions, it seeks rising KDJ values, with the final rule specifying an increase over seven days. The rationale is to focus on relatively liquid shares showing short-term upward indicator movement.

The text warns that KDJ can react to market noise and that relying on a single technical indicator leaves blind spots. It suggests combining additional technical or fundamental measures, such as MACD, RSI, valuation ratios, market value, or industry constraints. The provided implementation example also adds a limit-down exclusion, but no backtest, returns, or comparative results are reported; data field definitions and market classifications may affect whether the screen works as intended.

Key ideas

• The screen filters main-board shares by turnover and circulating market value.
• It selects stocks whose KDJ measure rises over a seven-day lookback.
• The document identifies noise sensitivity and single-indicator dependence as key limitations.
• It proposes combining technical and fundamental filters to reduce false selections.
• The implementation example excludes stocks that hit the daily limit down.

Tags

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