Screening Stocks by Weekly MACD, Amplitude, and Float Market Value

Summary

This note outlines a Chinese equity screen using three filters: daily amplitude above 1%, a positive weekly MACD histogram or related positive MACD readings, and float market capitalization between 5 billion and 10 billion yuan. It provides an indicator formula and a Python example, along with a stated concern that float value alone does not capture total company size, earnings, or business quality.

The note offers no backtest or evidence that these conditions produce attractive returns. Its discussion characterizes the filters as a way to combine trading activity, recent weekly price momentum, and company size, but does not define a holding period, entry or exit rules, or portfolio construction. It recommends considering profitability and valuation measures and using further technical indicators, without testing those refinements. The result is a screening recipe whose data definitions and signal behavior would need verification before practical use.

Key ideas

• The screen requires daily amplitude above 1% and positive weekly MACD conditions.
• It restricts candidates to a float market capitalization from 5 billion to 10 billion yuan.
• The examples describe the filters but do not establish portfolio entry, exit, or sizing rules.
• The author notes that float market value does not reveal profitability or overall company quality.
• No historical performance evidence is provided for the proposed screen.

Tags

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