Screening Chinese Stocks for Rising 60-Day Price Position and Large-Cap Value

Summary

This stock screen combines three conditions: amplitude above 1, circulating market capitalization above 10 billion yuan, and a closing price positioned relatively high within its 60-trading-day range. The formula measures that position by comparing the close’s distance above the period low with the full high-to-low range, requiring a ratio of at least 0.6. The article interprets this as a rising-bottom or recovery pattern and suggests that it may identify stocks with rebound potential.

The post includes example formulas and Python-style selection logic, but supplies no backtest or evidence of predictive performance. It cautions that a rising bottom is only one technical feature and may omit company fundamentals and other market factors; it recommends combining it with indicators such as moving averages or MACD and financial data. The sample implementation also contains inconsistencies with the stated rules, including a market-cap threshold expressed in a different scale and an amplitude check that does not match the described prior-day test. Treat the examples as illustrative rather than validated implementation guidance.

Key ideas

• The screen selects stocks by amplitude, circulating market capitalization, and their close’s position within a 60-day price range.
• A range-position ratio of at least 0.6 is used to represent a relatively elevated price within the recent range.
• The post frames the pattern as potential recovery evidence, not a measure of fundamental value.
• No performance results are reported, and the sample code does not consistently implement the stated conditions.

Tags

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