Screening Shenzhen Stocks with Weekly MACD and Valuation Filters
Summary
This stock-selection concept combines a price-range condition with weekly MACD and valuation filters. It targets Shenzhen main-board shares with an amplitude above 1, a weekly MACD above zero, a price-to-earnings ratio from 0 to 29.01, and a price-to-book ratio from 0 to 3.11. The article presents the approach as a way to combine technical and fundamental screening.
It provides indicator conditions and sample implementation references, but no backtest, portfolio rules, transaction-cost assumptions, or evidence that the screen improves returns or reduces risk. The article cautions that valuation thresholds are subjective and that narrow ranges can affect the number and character of selected stocks. It suggests expanding the valuation ranges or adding financial and technical measures, while emphasizing further analysis. The material is a screening recipe, not a complete trading system, and the implementation examples do not establish that the stated conditions are calculated consistently across tools.
Key ideas
- The screen combines a weekly MACD condition with price amplitude and valuation thresholds.
- It applies to Shenzhen main-board stocks with specified price-to-earnings and price-to-book ranges.
- The article provides formulas and implementation examples but no performance results.
- Valuation cutoffs are subjective and may change the selection universe.
- Further financial analysis and validation would be needed before using the screen as a strategy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.