Mainland Stocks with High Amplitude, Price Strength, and a Five-Day Average Filter
Summary
This Chinese stock screen selects main-board shares with daily amplitude above 1%, a closing price above the five day moving average, and a daily gain greater than 1%. The article describes amplitude as a way to find volatile candidates and the price and moving-average conditions as signs of short-term strength. It provides formula and Python examples for combining the filters.
No backtest or performance evidence is presented. The note cautions that the rules focus on recent price behavior and omit company fundamentals, while high amplitude also means greater price risk. It suggests assessing business quality and valuation, setting stop losses, and diversifying. The examples should be checked carefully before use because the written formula and code express amplitude and market-universe conditions differently in places; data frequency and the exact definition of the moving-average test also affect which stocks qualify.
Key ideas
- The screen combines amplitude above 1%, a close above the five day average, and a daily gain greater than 1%.\nIt restricts candidates to main-board stocks.\nThe article treats recent price strength as a possible short-term momentum signal but supplies no performance evidence.\nHigh amplitude can indicate elevated risk, and the screen omits fundamentals.\nThe example implementations require validation for consistency in amplitude and universe definitions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.