Screening Chinese Main-Board Stocks with Positive MACD and Daily Gains

Summary

This Chinese equity screening proposal selects main-board stocks whose MACD is above zero and whose price has gained more than 1% on the day, while restricting company establishment dates to 2021. The article explains each condition as a way to combine positive momentum with a market-segment and age filter. Its code example also includes an exclusion for ST names, a circulating-share cap, and an exchange check, which do not fully match the stated selection rule.

The article warns that the combined filters may leave too few stocks for diversification and that technical indicators alone omit fundamental information. It suggests relaxing criteria and considering other technical and fundamental measures, but provides no backtest or evidence that these changes improve results. The sample code’s daily price and scheduling details may affect how the intraday selection is interpreted, and its use of equal allocation among selected names does not specify safeguards for an empty selection or other portfolio risks.

Key ideas

• The stated screen requires MACD above zero, a daily gain greater than 1%, main-board membership, and a 2021 establishment date.
• The code example adds filters for ST status and circulating share count that are not part of the stated rule.
• The article cautions that strict filters can shrink the candidate pool and weaken diversification.
• It recommends considering additional technical and fundamental measures, without presenting evidence that they improve performance.
• The example allocates portfolio value across selected stocks but does not describe broader risk controls.

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