Screening Main Board Stocks by MACD, Daily Gains, and Dividend Payout

Summary

This Chinese equity screen selects main board stocks whose MACD is above zero, whose price has risen by more than 1% for the day, and whose stated 2019 dividend ratio exceeds 25%. The post gives indicator and Python examples and describes the conditions as a combination of positive momentum and a high historical dividend measure. It does not report a backtest, explain how the threshold was chosen, or show whether the screen produced favorable returns. The sample code also includes a random ordering and a limit on selected names, without explaining their effect on a portfolio.

The article warns that a high dividend ratio alone does not establish financial quality and that payout measures can be misleading. It proposes checking company finances, considering additional technical measures such as moving averages, ranking candidates with weighted scores, and looking for a history of stable dividends. These recommendations are not evaluated in the post. The screen is tied to one calendar year's payout data, and it supplies no defined exit rules, allocation plan, or explicit risk controls.

Key ideas

• The screen requires MACD above zero, a daily price gain greater than 1%, main board listing, and a 2019 dividend ratio above 25%.
• The post combines a momentum signal with a historical dividend filter but provides no performance evidence.
• A high payout measure may not reflect a company's financial strength or sustainable distributions.
• The article suggests reviewing financials and stable dividend history, and adding technical filters or weighted rankings.

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