Screening Chinese Main-Board Stocks with MACD and Daily Gains
Summary
The document describes a pre-market screen for Chinese main-board stocks. Candidates must have MACD above zero, a share price below 12 yuan, and a daily gain greater than 1%. Its rationale is to combine a positive MACD reading with a low nominal price and recent upward movement. The accompanying examples refer to MACD components and daily percentage change, and sketch how market data could be used to filter a stock list.
The author notes that the approach relies heavily on technical conditions, may overlook fundamentals, and uses a single day's gain that could make selections unstable or unrepresentative of longer-term behavior. Suggested refinements include adding other technical indicators, considering stocks from other market segments, and incorporating fundamental factors into a longer-horizon screen. The document does not report a backtest, selected-stock performance, or evidence that the screen is profitable; its code is presented as a reference that may need adjustment as data updates.
Key ideas
- The proposed screen selects main-board stocks with MACD above zero, price below 12 yuan, and a daily gain above 1%.
- Screening is intended to run before each trading day opens.
- The document flags limited fundamental analysis and reliance on one day's return as weaknesses.
- It suggests combining additional technical indicators and adding fundamental analysis for longer-term selection.
- No backtest results or profitability evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.