Screening Equities by Price Range, RSI, and Dividend Payout

Summary

The document proposes screening stocks using three conditions: daily amplitude above 1%, RSI below 65, and a 2019 dividend payout ratio above 25%. It combines a price-range measure and a momentum oscillator with a historical fundamental filter. The ratio is described as dividends relative to net profit, and the source provides corresponding screening formulas and a code sketch.

The article offers no backtest, sample definition, or return evidence, so the screen should be treated as a selection rule rather than a demonstrated strategy. It warns that one year of payout data does not establish business quality or future results, and that the screen omits other technical and fundamental information. It suggests adding measures such as moving averages, MACD, valuation, earnings, and explicit risk controls, but does not specify or test those additions.

Key ideas

• The screen combines price amplitude, RSI, and a historical dividend payout threshold.
• The stated filters require amplitude above 1%, RSI below 65, and a 2019 payout ratio above 25%.
• A historical payout ratio alone does not establish company quality or future performance.
• The article recommends considering additional indicators, fundamentals, and risk controls.
• No backtest or measured performance evidence is provided.

Tags

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