Screening Main-Board Stocks with RSI, Daily Gains, and Negative MACD

Summary

This post sets out a technical screen for Chinese main-board equities. It selects stocks with RSI below 65, a daily price gain greater than 1%, and a MACD reading below zero from two sessions earlier. The combination seeks stocks rising in the current session while the earlier MACD condition points to recent weakness, potentially capturing a rebound. The article includes example formulas and implementation guidance, but it does not specify an entry trigger beyond the screening conditions, an exit rule, or position sizing.

The post presents no backtest, return series, or evidence that the conditions have predictive value. It acknowledges that the rules are simple and may misclassify stocks when fundamentals or market themes change, and that sharp recent rallies can still be followed by volatility. Suggested refinements include adding financial measures, market liquidity information, and risk controls. The screen is therefore best read as an illustrative hypothesis for further testing, not a validated strategy.

Key ideas

• The screen requires RSI below 65 and a daily gain greater than 1%.
• It limits candidates to main-board equities and checks for negative MACD two sessions earlier.
• The author interprets the combination as a way to find rising stocks with a recent weak trend.
• No performance testing or complete portfolio rules are provided.
• Fundamental measures, liquidity filters, and risk controls are suggested as refinements.

Tags

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