Screening Chinese Stocks by Range, Opening Price, and Listing Date

Summary

This post proposes a Chinese equity screen combining three conditions: prior-session price amplitude above a threshold, the current opening price near the 10-day moving average, and a listing date in or after 2021. It gives example formulas in two platforms and describes the rationale as seeking volatile shares whose opening price is near a recent average, with newly listed stocks included to capture investor attention. The implementation treats the opening-price band as a range around the moving average and intersects the three resulting stock sets.

The post warns that the approach may encourage buying after prices have risen and can be affected by annual-report-season volatility. It suggests adding other technical indicators and fundamental data, while adapting the stock universe and selection window to broad market conditions. No historical backtest, transaction-cost analysis, benchmark comparison, or measured return evidence is supplied, so the screen remains a basic hypothesis rather than a validated strategy. The provided examples also require careful alignment of price data and listing dates before use.

Key ideas

• The screen combines a price-amplitude threshold, an opening price near the 10-day moving average, and a listing-date filter.
• The opening-price condition is implemented as a band around the moving average.
• The stated rationale is to find volatile, recently listed shares with openings near a recent price average.
• The post identifies chasing price moves and seasonal market volatility as risks.
• It proposes adding technical and fundamental filters but provides no performance validation.

Tags

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