Screening Stocks by Positive MACD, Low Price, and Mid-Range Float Value

Summary

This Chinese stock screening note describes selecting shares before each trading day using three conditions: MACD above zero, price below 12 yuan, and circulating market value between 5 billion and 10 billion yuan. It presents the screen as a combination of a technical signal and a company-size filter, with low share price and moderate market value intended to narrow the candidate list. A formula reference explains the standard MACD calculation with 12-, 26-, and 9-period settings, and sample Python guidance sketches how to retrieve price and market data and apply filters.

The article offers no backtest, performance figures, or evidence that these filters improve returns. Its example code also adds a consecutive-decline condition that is not part of the stated core screen, and the market-cap bounds in that code do not match the stated 50–100 hundred-million-yuan range. The author notes that market sentiment and varying market-value benchmarks can undermine selection, and suggests considering other technical and fundamental measures. Treat the proposal as an unvalidated screening idea, not a demonstrated strategy.

Key ideas

• The core screen requires MACD above zero, a share price below 12 yuan, and circulating market value from 5 billion to 10 billion yuan.
• The note proposes running the screen before each trading day.
• Its MACD reference uses exponential averages with periods 12, 26, and 9.
• The sample implementation includes an extra consecutive-decline test absent from the core rules.
• The article provides no performance testing and flags market sentiment and limited inputs as risks.

Tags

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