Screening Shenzhen Mainboard Stocks with MACD and Valuation Filters

Summary

This post outlines a stock screen combining three kinds of conditions: reported same-day position increases, valuation limits, and a short-term MACD signal. Candidates are described as Shenzhen mainboard stocks with price-to-earnings ratios from 0 to 29 and price-to-book ratios from 0 to 3, alongside a 15-minute MACD histogram whose green bars are shortening. The stated interpretation is that easing negative momentum may precede a rebound, while the valuation bounds aim to avoid expensive or highly valued stocks.

The post also discusses adding industry or profitability filters and checking longer timeframes. It provides no backtest, performance data, or evidence that the conditions forecast returns. Its code example is incomplete and does not clearly implement all of the described filters, so it is better treated as a sketch than a reproducible strategy. The author notes that a short-term signal may miss longer-term factors and cannot ensure that selected stocks will perform well.

Key ideas

• The proposed screen combines Shenzhen mainboard membership, valuation bounds, position increase, and a 15-minute MACD condition.
• Shortening green MACD histogram bars are interpreted as a possible sign of a rebound.
• The post suggests adding industry or profitability filters and considering longer chart intervals.
• No performance evidence is supplied, and the example code is incomplete.

Tags

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