Screening Stocks with Positive MACD, Positive P/E, and Moderate Turnover

Summary

This daily pre-open stock screen selects shares with MACD above zero, positive trailing price-to-earnings, and turnover between the stated lower and upper bounds. The document describes the MACD condition as a trend filter, positive P/E as a basic valuation check, and turnover as a liquidity or activity filter. It includes example indicator formulas and code references, and suggests sorting candidates by trading activity.

The page presents no backtest, returns, or evidence that the combined conditions produce an advantage. It acknowledges market, signal, and data-quality risks, and notes that passing the filters does not establish sound fundamentals. The turnover calculation and indicator conventions may depend on data definitions and implementation details; the sample code is explicitly illustrative. Additional technical or fundamental measures are suggested, but their value is not tested here.

Key ideas

• The screen combines positive MACD, positive trailing P/E, and a bounded turnover range.
• It is intended to run before the market opens each trading day.
• Candidates may be ordered by a measure of market activity.
• The document reports no performance evidence and cautions that filter eligibility does not imply strong fundamentals.

Tags

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