Screening Stocks by Price Range, Weekly MACD, and Share Float

Summary

This document describes an equity screen based on three conditions: a daily price-range threshold, a positive weekly MACD histogram, and a cap on shares in circulation. The source interprets the range as a measure of price movement, the weekly indicator as a sign of upward momentum, and the float limit as a way to favor smaller-capitalization stocks. It includes formula and sample implementation references, but does not provide evidence that the screen has been tested or that the code accurately implements the stated weekly signal.

The author notes that restrictive filters may exclude promising stocks and that share-float measures can be affected by outside factors. Suggested refinements include using a market-cap range and adding company fundamentals and quarterly financial measures. The document provides no performance results, risk estimates, or detailed definitions for the range and float calculations. Its criteria are best understood as a preliminary screening framework that needs broader analysis and validation before use.

Key ideas

• The screen combines a daily price-range condition, a positive weekly MACD histogram, and a share-float limit.
• The source associates the weekly indicator with upward price momentum and the float filter with smaller companies.
• Restrictive thresholds can exclude stocks, and float size can change with external factors.
• The suggested refinements include a market-cap range and additional fundamental or quarterly measures.
• The document provides no strategy performance evidence or detailed validation of its sample implementations.

Tags

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