Screening for Dividend Yield, Price, and Moving Average Confluence

Summary

This stock-screening note proposes combining moving-average confluence, a specific closing-price condition, and a high dividend ratio. It describes counting available observations in a short rolling window, checking whether the close equals the stated price, and comparing dividends with the closing price. The intended result is a list of stocks that meet all conditions, blending a technical filter with a dividend-related measure.

The article provides sample code and suggests adding valuation measures or other technical indicators, while acknowledging that it does not account for company finances or industry conditions and cannot predict future returns. The examples have substantial ambiguities: counting nonmissing closes does not establish that multiple moving averages converge, and an exact price match can be brittle. The dividend ratio’s definition and use of historical data also need clarification. No backtest or performance evidence is provided, so the screen should be treated as an incomplete specification rather than a validated strategy.

Key ideas

• The proposed screen combines a moving-average condition, a closing-price match, and a dividend ratio threshold.
• The sample rolling count does not itself calculate or confirm moving-average convergence.
• An exact closing-price filter may exclude otherwise similar stocks.
• The document notes that fundamentals and industry context are omitted.
• No backtest or evidence of predictive performance is supplied.

Tags

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