Screening Mid-Sized Stocks by Daily Range and Price Above the Five-Day Average

Summary

This stock screen combines three conditions: daily high-low amplitude above 1%, closing price above its five-day moving average, and circulating market value from 5 billion to 10 billion yuan. The document presents the range as a measure of price movement, the moving-average condition as a short-term price filter, and the market-value band as a way to focus on medium-sized companies. It includes formula and Python examples for applying these filters.

The article cautions that the screen does not assess company fundamentals and that its simple amplitude and size thresholds may include companies without strong prospects. It suggests considering additional technical and financial measures. The written rule and examples do not establish predictive value, and no backtest or return evidence is reported. The rule therefore describes a candidate-screening method rather than a tested trading strategy.

Key ideas

• The screen requires daily high-low amplitude above 1% and a close above the five-day moving average.
• It limits eligible stocks to a circulating market value of 5 billion to 10 billion yuan.
• The method omits fundamental analysis and may select firms without strong prospects.
• The article provides example implementations but no evidence of strategy performance.

Tags

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