Screening Low-Priced Stocks with Positive MACD Readings

Summary

This stock screen combines a positive MACD reading, a share price below 12 yuan, and a positive MACD value on the daily interval. The article presents the conditions as a way to focus on lower-priced stocks with positive technical momentum, and supplies formula and Python implementation references using standard MACD parameters. It also checks the prior day’s MACD reading.

The document does not provide backtest results, portfolio rules, or evidence that the screen predicts gains. It notes that the criteria omit company fundamentals and can exclude stocks that are temporarily correcting. The claim that the screen can help avoid buying into weakness is an interpretation rather than demonstrated evidence. Additional indicators and financial analysis are suggested, but their effects are not evaluated.

Key ideas

• The screen requires MACD to be above zero and the share price to be below 12 yuan.
• It also checks that the daily MACD reading is positive, including the previous reading.
• The article offers formula and Python examples for applying the filter.
• The approach omits fundamentals and has no reported performance validation.

Tags

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