Screening Low-Priced A-Shares with MACD and Positive 10-Day Momentum
Summary
This stock screen selects shares with MACD above zero, a price below 12 yuan, and a positive 10-day return below 35%. It combines a trend indicator with a low nominal price constraint and a recent-momentum band, intended to exclude shares with negative or unusually large recent gains. The note includes formula and Python examples and mentions sorting eligible names by a heat measure.
No backtest, benchmark comparison, or outcome data is supplied. The document acknowledges that the rule omits broader market direction and company fundamentals, and that fixed thresholds can miss otherwise attractive candidates. There is also an inconsistency between the written 10-day return rule and the formula example, which appears to use rolling lows rather than the stated close-to-close return. The code example instead calculates return from closing prices. This difference would need resolution before treating the examples as equivalent implementations.
Key ideas
- The stated screen requires MACD above zero and a share price below 12 yuan.\nIt accepts positive 10-day returns below 35%.\nThe note supplies both formula and Python implementations, but they do not match fully.\nNo evidence of historical performance is provided.\nThe rule omits fundamentals and broad market conditions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.