Screening Chinese Stocks by RSI, Float Value, and Buying Activity

Summary

This stock-selection note proposes screening for shares with RSI below 65, a circulating market value between 5 billion and 10 billion yuan, and a daily increase in position share above 5%. It presents RSI as a short-term overbought or oversold gauge, float value as a measure of company scale, and the increase-in-position measure as an indicator of market interest. The note includes a suggested RSI formula and an illustrative data-based screening example.

No backtest, returns, or risk-adjusted results are provided. The example code appears to approximate the stated buying-activity condition with a price-change calculation, so its implementation may not match the described measure. The author notes that the screen omits fundamentals, other technical signals, liquidity, and broader capital flows, and suggests evaluating additional filters and tuning thresholds. These are untested suggestions, and the note warns that changing market conditions can reverse signals.

Key ideas

• The screen combines an RSI ceiling, a circulating market-value range, and a threshold for daily increase in position share.
• The stated rationale uses RSI for short-term price conditions and the other filters for scale and market interest.
• The example implementation may not measure the described increase-in-position variable directly.
• The document provides no performance evidence and highlights missing fundamentals, liquidity, and broader market context.

Tags

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