Screening Stocks with Positive MACD, Positive P/E, and Three Rising Sessions

Summary

This Chinese equity screen selects stocks after each trading-day close when MACD is above zero, price-to-earnings ratio is positive, and closing prices have risen across three consecutive sessions. The note frames positive MACD as a sign of strength, positive P/E as a basic valuation filter, and the recent streak as evidence of momentum or market attention. It also suggests adding volume analysis, other technical measures, or fundamental data and adjusting the selection timing.

The document provides indicator formulas and illustrative screening logic, but it reports no backtest, return series, benchmark comparison, or risk-adjusted results. The P/E filter only excludes nonpositive values and does not establish that a stock is fairly valued. A short price streak can reverse, while using technical signals and a narrow valuation condition may overlook company-specific fundamentals and market context. The article itself notes the risk of relying on only a few short-term conditions and offers no holding-period, execution, or position-sizing rules.

Key ideas

• The screen combines MACD above zero, positive P/E, and three consecutive daily price increases.
• Selection is performed after each trading-day close.
• The article suggests volume and broader technical or fundamental inputs as possible refinements.
• A positive P/E is only a filter and does not demonstrate attractive valuation.
• No performance evidence, holding period, or execution rules are provided.

Tags

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