Screening Stocks by Daily Range, Limit-Up Status, and Weekly MACD

Summary

This stock-selection idea combines three conditions: daily amplitude above one, no limit-up close on the previous day, and weekly MACD above zero. The stated intent is to use price movement and a weekly trend indicator to identify potential candidates. The page includes a brief formula reference and a Python example that queries weekly data, though its code checks bullish weekly candles and MACD fields rather than clearly implementing every stated filter.

The article provides no backtest, return data, or evidence that the conditions identify growing or balanced companies. It acknowledges that technical screening omits company results, financial statements, and industry outlook, and cannot protect against unstable prices or unusual market activity. It recommends considering fundamental information and adjusting the volatility and MACD criteria. The weekly MACD description is internally imprecise, so implementation details should be verified before use.

Key ideas

• The proposed screen uses daily amplitude, prior-day limit-up status, and weekly MACD above zero.
• The Python example uses weekly candle and MACD conditions, but does not clearly implement all stated filters.
• No performance or backtest evidence is provided.
• The method omits company and industry fundamentals and remains exposed to unusual market moves.
• The article recommends combining technical filters with fundamental review and refining thresholds.

Tags

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