Screening Chinese Stocks by Turnover, KDJ Crossovers, and Listing Age

Summary

This post describes an A-share stock screen that selects companies with daily turnover between 3% and 12%, a newly formed bullish KDJ crossover, and more than a year since listing. It frames turnover as a liquidity filter, the crossover as a possible upward-trend signal, and listing age as a way to exclude newly listed firms. The post includes indicator and sample implementation references for applying the conditions.

The author notes that the screen omits fundamental, industry, and valuation factors, so selected stocks may still carry company-specific or valuation risks. The suggested improvement is to combine technical conditions with fundamental, industry, and valuation measures, potentially assigning them different weights or thresholds. No historical performance results or comparative tests are presented, and the described signals alone do not establish that the selected shares will rise.

Key ideas

• The screen requires turnover between 3% and 12%, a fresh bullish KDJ crossover, and more than a year of listing history.
• Turnover is used as a liquidity filter, while KDJ supplies a technical timing signal.
• The post cautions that fundamentals, industry characteristics, and valuation are not considered.
• It provides no backtest evidence to show whether the selection rules are profitable.

Tags

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