Screening Shanghai Stocks by Price Range and RSI

Summary

This post presents a simple daily stock screen for Shanghai-listed shares whose codes begin with 60. It requires the high-low range to exceed one percent of the previous close and the 14-period RSI to be below 65. The author interprets the range as a sign of elevated price movement and the RSI threshold as relative short-term weakness, offering sample implementations for common Chinese market data workflows.

The post provides no backtest, return evidence, or rules for turning the screen into entries, exits, or position sizes. It cautions that a short-term technical filter can overlook company fundamentals and that RSI alone may mislead, recommending a broader assessment and diversification. The conditions therefore describe a candidate-selection filter, not a demonstrated trading strategy; the document gives no evidence that screened stocks subsequently outperform.

Key ideas

• The screen selects Shanghai-listed stocks with a one-day range above one percent of the prior close.
• It also requires the 14-period RSI to be below 65.
• The post frames high range as elevated movement and low RSI as relative short-term weakness.
• No performance test or full trade-management method is provided, and the author advises considering fundamentals and diversification.

Tags

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