Screening Chinese Stocks with MACD, Positive Earnings, and Market Size

Summary

This proposed daily pre-open screen selects Chinese stocks whose MACD is above zero, whose price-to-earnings ratio is positive, and whose circulating market capitalization exceeds 10 billion yuan. The post presents the MACD calculation and describes using financial data fields for the valuation and market-size filters. It also suggests ranking candidates by trading activity, though it does not provide a completed ranking implementation or a clearly specified portfolio and execution plan.

The material is a screening recipe rather than a tested strategy. It reports no backtest, return history, benchmark comparison, or evidence that the filters improve risk-adjusted performance. The author notes market uncertainty, possible weakness in company fundamentals despite passing the conditions, and delays or inaccuracies in market-cap data. Suggested refinements include adding other technical and fundamental measures or adjusting the thresholds, but these ideas are not evaluated. The accompanying code references data fields and calculations without establishing that its data pipeline is complete or reproducible.

Key ideas

• The screen combines positive MACD, positive price-to-earnings ratio, and a minimum circulating market capitalization.
• Selection is intended to occur before each trading day’s open.
• The post proposes ranking candidates by trading activity but does not fully specify the process.
• Passing the filters does not establish strong fundamentals or make a stock attractive at its current price.
• The approach has no reported performance test, and its inputs may be delayed or inaccurate.

Tags

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