Screening Shanghai Main Board Stocks with RSI and Daily Gains

Summary

This proposed Chinese equity screen selects main-board stocks whose codes begin with 60, with RSI below 65 and a daily gain above 1%. Its examples describe a technical filter that also checks a stochastic-style J/D crossover and proximity of the opening price to a moving average. The stated rationale is to combine a bounded momentum reading with evidence of a positive session, while restricting the eligible universe by listing segment and code prefix.

The note warns that fixed conditions can lag changing market conditions and that the code prefix excludes companies outside that group. Its explanation calls RSI below 65 an oversold condition, but that threshold alone does not establish oversold status under common RSI conventions. The formulas and Python example also differ in the indicators and data fields they use. No historical test, returns, or risk-adjusted evidence is supplied, so the selection logic should be treated as a screening proposal rather than a validated strategy.

Key ideas

• The proposed universe is main-board stocks with codes beginning with 60.
• The stated filters are RSI below 65 and a daily price rise above 1%.
• The examples add a J/D crossover and an opening-price condition relative to a moving average.
• A fixed code prefix can exclude otherwise eligible companies.
• The document gives no backtest evidence, and RSI below 65 does not by itself establish an oversold reading.

Tags

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