Screening for Turnover, Circulating Shares, and a Rounded Price Pattern

Summary

This document presents a Chinese stock screen based on turnover between 3% and 12%, circulating shares capped at 5.5 billion, and a rounded price pattern. Its final version also calls for circulating market value above 10 billion yuan. Example formula and Python snippets express the filters and show possible additions such as net profit growth, positive main-fund inflow, and a stop-loss set at 10% below the closing price.

The rationale treats the rounded chart shape as a possible sign of changing buying and selling pressure, while turnover and share count describe trading activity and supply. The document warns that chart patterns are uncertain and can be affected by broad market moves or company results. It suggests combining patterns with other technical signals and fundamental analysis. No backtest, sample, or performance statistics are given, so the screen is a proposed selection rule rather than evidence of a reliable reversal strategy. The stated turnover range also appears in the final formula, while the initial summary omits the lower bound.

Key ideas

• The screen combines a 3%–12% turnover range, a circulating-share ceiling, and a rounded price pattern.
• The final criteria add a minimum circulating market value.
• The document suggests combining chart patterns with fundamentals and other signals to assess candidates.
• It provides no performance evidence, and the pattern may be sensitive to market-wide or company-specific changes.

Tags

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