Screening Chinese Stocks by Range, Volume, Gap, and Turnover

Summary

This stock screen combines four technical conditions: amplitude above 1, current volume above 10,000 lots, an opening price above the previous close, and turnover between 3% and 12%. It aims to identify actively traded shares with short-term upward potential by filtering for price movement, trading activity, a positive opening gap, and turnover.

The document explains that volume, volatility, and turnover can reflect supply and demand, and it flags the possibility that speculative activity or manipulation could make these measures unreliable. It suggests adding indicators such as RSI or KDJ and considering fundamentals such as earnings per share and price-to-earnings ratios. No backtest, realized returns, or validation is reported, and the included code reference does not establish that the screen is profitable or that its measures are implemented consistently. The criteria describe a candidate-selection method, not a complete trading or risk-management plan.

Key ideas

• The screen requires amplitude above 1 and current volume above 10,000 lots.
• It also selects stocks opening above the previous close.
• Turnover must fall between 3% and 12%.
• The document warns that volatility and turnover may be distorted by speculative activity.
• It proposes adding other technical indicators and fundamental measures, but reports no performance tests.

Tags

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