Screening Robot-Concept Stocks with Turnover, Market Value, and MACD

Summary

This post presents a Chinese equity screen for robot-concept stocks with turnover between 3% and 12%, circulating market value below 10 billion yuan, and MACD above its zero line. The zero-line condition is intended to favor stocks with positive trend momentum, while the turnover and market-value filters constrain trading activity and company size. It gives a screening formula and a Python example, although some implementation details in the example do not align cleanly with the stated conditions.

The author notes that MACD is a trend indicator rather than a forecasting tool, so its signal can be wrong. Broader market volatility and macroeconomic conditions can also affect results. Suggested refinements include combining technical indicators such as KDJ, Bollinger Bands, or RSI with company financial and operating data. The post offers no backtest, performance statistics, or evidence that the selected thresholds improve returns, so the described rules should be treated as a screening concept requiring independent testing.

Key ideas

• The screen selects robot-concept stocks by turnover, circulating market value, and MACD position relative to zero.
• The positive MACD filter is intended to identify stocks with upward trend conditions.
• The post cautions that MACD can misclassify trends and does not predict future prices.
• It recommends combining technical signals with financial and operating analysis, but reports no performance testing.

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