Screening Shanghai-Listed Stocks by Turnover and Weekly Strength

Summary

This screening approach selects stocks whose codes begin with 60, whose turnover rate falls between 3% and 12%, and whose weekly chart shows a rising candle. The article presents the weekly price pattern as a way to identify possible upward momentum, while the turnover band is intended to favor shares with some trading activity without selecting on price direction alone. It includes an indicator formula using weekly price and volume conditions, plus sample Python that filters the exchange universe and inspects weekly data.

The author advises combining the technical screen with company fundamentals, broader market conditions, and other indicators such as trend lines or moving averages. The rationale is qualitative: the document supplies no backtest, measured returns, or comparison with a benchmark. Its code also uses a specific historical date range and contains criteria that do not exactly match the prose, so the implementation would need reconciliation and validation before practical use.

Key ideas

• The screen combines a 3%–12% turnover range with stock codes beginning with 60.
• A rising weekly candle is used as a price-strength signal, with the sample formula also checking weekly volume.
• The article recommends adding fundamentals and broader market context to a technical screen.
• No performance test is provided, and the sample code should be checked against the stated rules.

Tags

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