Screening Stocks with Weekly MACD, Price Amplitude, and Positive P/E

Summary

This stock selection screen combines a price movement threshold, weekly MACD conditions, and positive price-to-earnings ratios. The stated rules require amplitude above one percent, weekly MACD above zero with its prior value above the signal line, and PE greater than zero. The article presents the screen as a way to combine technical momentum context with a basic valuation filter, and gives corresponding indicator logic and a Python-oriented data retrieval example.

The page offers no backtest, portfolio construction rules, transaction-cost analysis, or evidence that the screen identifies profitable stocks. It also notes that PE comparisons can be distorted by industry and broader economic differences, while requiring only a positive PE is a weak filter that may admit poor-quality companies. It suggests refining the valuation criteria by industry, market capitalization, and risk preference, and adding further fundamental or sentiment measures. The sample data workflow and formula descriptions should be validated before practical use.

Key ideas

• The screen requires price amplitude above one percent and weekly MACD above zero.
• It also requires the prior weekly MACD value to exceed its signal line.
• A positive PE ratio is used as a basic valuation filter.
• Industry differences can make raw PE comparisons misleading.
• The article supplies no performance testing and warns that positive PE alone is permissive.

Tags

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