Screening Chinese Stocks by Positive MACD and Trading Interest

Summary

This note describes a daily, post-close screen for Chinese equities. It selects stocks whose MACD line is above zero, uses trading interest to rank candidates, and specifies a closing price of 18.5 yuan. The accompanying discussion interprets positive MACD as a trend signal and popularity as a measure of market attention, while suggesting the price filter may favor smaller companies.

The evidence is a stated screening recipe and brief example formulas, not a backtest or performance analysis. The Python example sorts by turnover rate, which does not directly measure the described popularity ranking, and checks for an exact closing price. The note itself warns that a fixed price threshold can be simplistic, the screen may be affected by external factors, and a single technical signal can become outdated. It recommends adding fundamental research and other indicators before making investment decisions.

Key ideas

• The screen looks for stocks with a MACD line above zero.
• Candidates are intended to be ranked by trading interest after each daily close.
• The stated price condition is a closing price of 18.5 yuan.
• The note recommends combining the screen with fundamental research and additional indicators.
• No backtest or evidence of profitability is provided.

Tags

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