Screening Stocks with Positive MACD, Positive P/E, and a Fixed Price

Summary

This proposed daily premarket stock screen selects shares with MACD above zero, a positive price-to-earnings ratio, and a closing price equal to 18.5 yuan. The article interprets positive MACD as an uptrend and positive P/E as a normal valuation measure. It presents the fixed price condition as a way to target a particular price range, then suggests combining the filters to find potential candidates.

The article also acknowledges market, selection, and price volatility risks, and suggests adding other technical and fundamental measures or adjusting the price condition. It includes indicator formulas and illustrative screening code, but the code does not demonstrate that the rule works, and the document gives no backtest results or evidence that the chosen price level predicts value or risk. The screen is therefore a simple filtering example rather than a tested investment method; its exact-price requirement may also be highly restrictive.

Key ideas

• The proposed screen requires MACD above zero, positive P/E, and a closing price of 18.5 yuan.
• The rule is intended to run before each trading day opens.
• The article treats positive MACD as an uptrend signal and positive P/E as a normal valuation condition.
• It acknowledges that satisfying the filters does not establish strong fundamentals.
• No backtest evidence is provided, and the exact price threshold may limit the screen's usefulness.

Tags

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