Mainland China Stock Screening with Turnover, Reversal, and a Rising 30-Day Average
Summary
This document describes a mainland China stock screen combining daily turnover between 3% and 12%, a reversal or engulfing-style condition, and an upward-sloping 30-day moving average. Its stated rationale is to pair trading activity and a price reversal signal with a filter for recent upward trend. The examples also sort candidates by market capitalization and illustrate calculating the reversal condition from daily high, low, and previous close.
The article offers screening logic and code examples but reports no backtest, returns, or comparison with other methods. It cautions that the screen relies on technical and trading data, omitting fundamentals, and that selected companies may therefore be poor quality. It suggests adding other price, volume, and fundamental measures, but provides no evidence that such additions improve results. The examples also differ in implementation details, so the indicator definitions and data handling would need validation before research or use.
Key ideas
- The screen selects stocks with turnover between 3% and 12%.\nIt combines a reversal-style signal with a 30-day moving average that is rising.\nThe article frames the moving-average filter as a way to favor stocks with recent upward price direction.\nThe method has no reported performance evidence and does not assess company fundamentals.\nThe examples use different implementations, so their indicator calculations require validation.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.