Screening Shanghai-Listed Stocks by Rising Averages and Daily Range

Summary

This Chinese-language post describes a screen for stocks with codes beginning with 60, a daily high-low range exceeding one percent of the open, and five moving averages that are each rising versus the prior period. The averages use five, ten, twenty, thirty, and sixty observations. The formula and Python example implement these checks and sort the resulting rows by trading volume. The post interprets the range condition as selecting more volatile stocks and rising averages as evidence of a longer-term upward trend; it also suggests adding fundamental measures, volume, or momentum indicators for broader evaluation.

The screen is a selection rule, not a complete trading strategy: it specifies no entry, exit, holding period, or risk controls, and provides no backtest or evidence of profitability. Rising averages do not establish that the averages converge or that a stock has investment merit, despite the post’s reference to average overlap. The code’s volume sort is ascending, which places lower-volume rows first. Its thresholds, data handling, and fit for a particular time horizon would need evaluation before use.

Key ideas

• The screen selects codes beginning with 60, a daily range above one percent of the open, and five rising moving averages.
• The averages span five through sixty observations, and the output is sorted by trading volume.
• The post suggests combining technical conditions with fundamentals and additional volume or momentum measures.
• The rule has no stated trade exits, risk controls, or performance evidence, and rising averages do not necessarily overlap.

Tags

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