Screening Chinese Stocks with Positive MACD, Low Price, and Recent Highs

Summary

This stock screen combines a positive MACD condition with a share price below 12 yuan and a recent high criterion described as the stock's high being the highest over two days. It proposes screening before the trading session, although the reference Python example instead filters intraday data at 10:00. The document includes a MACD formula and a sample implementation, but the wording and code do not fully align on timing or on how the two-day high condition is calculated.

The rationale is to find lower-priced Chinese A-share stocks with positive technical momentum and a recent price high. The article suggests adding fundamental and other technical measures, while warning that changing market conditions and focus on short-term price action can undermine the screen. It reports no backtest or evidence of returns, and the example code has data and implementation assumptions that would need checking before use.

Key ideas

• The screen looks for positive MACD, a price below 12 yuan, and a recent two-day high.
• The stated premarket selection time differs from the example's 10:00 intraday filter.
• The article proposes supplementing technical conditions with fundamental measures.
• No backtest or performance evidence is provided, and the sample implementation may require adjustment.

Tags

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