Screening Chinese Stocks with Positive MACD, Low Price, and Listing Age

Summary

The document outlines a daily stock screening idea using three conditions: MACD above its zero line, a share price below 12 yuan, and at least one year since listing. It also mentions running the screen before the market opens. The accompanying indicator and Python examples refer to MACD and moving averages, though the final screening description does not clearly require a moving-average crossover. No historical returns, comparison, or backtest results are given.

The stated rationale is to combine a technical momentum condition with a low share price and a minimum operating history as a rough maturity filter. The author notes that market shifts can make the screen unreliable and that excluding newer listings may discard attractive companies. The post suggests considering additional technical and financial measures, such as profitability and financial statement data. It does not specify trade entries, exits, portfolio construction, or how the conditions should be reconciled when the examples differ, so the screen remains an incomplete selection concept.

Key ideas

• The proposed screen requires MACD above zero, a share price below 12 yuan, and at least one year since listing.
• The screen is described as running before the market opens each trading day.
• The examples also calculate moving averages, although their role in the final rule is unclear.
• The author warns that market changes and the listing-age cutoff can produce unreliable or overly restrictive selections.
• The document provides no backtest results or complete trading and risk rules.

Tags

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