Screening Chinese Stocks by MACD and a Price Ceiling

Summary

This note describes a daily Chinese stock screen combining a positive MACD reading with a share price below 12 yuan, limited to the year 2021. It gives an indicative screening time before the market opens and includes example formula and Python snippets for calculating MACD and filtering tradable shares.

The rationale offered is that restricting the date range can reduce the data processed and improve screening efficiency. It provides no historical performance results or evidence that the conditions predict returns. The document also warns that narrow price and date filters may exclude promising stocks or miss market opportunities. It suggests adding fundamental measures and revisiting the rules as conditions change. The sample code and formula are implementation references, and their data fields and timing assumptions may need adjustment before use.

Key ideas

• The screen requires MACD above zero and a share price below 12 yuan during 2021.
• The stated selection schedule is before the open on each trading day.
• The document suggests that a bounded date range can reduce the amount of data processed.
• It cautions that narrow time and price filters can exclude potential candidates.
• No backtest or performance evidence is provided.

Tags

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