Screening for Low-Priced Stocks with MACD Crossing Above Zero

Summary

This Chinese equity screen looks for shares priced below 12 yuan whose MACD is above zero while its value two trading sessions earlier was below zero. The stated intent is to find a recent move from negative to positive MACD territory while imposing a low nominal share-price filter. The document frames this as a technical entry screen, not as a complete portfolio or trading system.

It includes indicator and sample data-query approaches, and describes a separate preliminary filter using large order-flow and trading-volume data. It also notes that the selection ignores company fundamentals, broader market conditions, policy changes, and company announcements, and suggests combining technical signals with valuation and other indicators. No backtest or performance evidence is provided. The sample code’s indexing and data-selection steps may not implement the stated recent-crossing rule consistently, so its screening logic would need review before use.

Key ideas

• The stated screen requires a share price below 12 yuan, current MACD above zero, and MACD below zero two sessions earlier.
• The setup aims to capture a recent shift from negative to positive MACD territory.
• The sample workflow also describes filtering candidates with order-flow and volume data.
• The document warns that technical criteria omit fundamentals and external market events.
• No performance results are given, and the sample implementation may not align cleanly with the written timing rule.

Tags

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