Selecting Chinese Stocks with Weekly MACD and Recent Price Strength

Summary

This stock screen combines three technical conditions: daily price range relative to the previous close exceeds a threshold, weekly MACD is above zero, and at least one daily gain of 10% or more occurred during the latest 25 trading days. The stated rationale is to find volatile shares with an upward trend and evidence of recent market interest. The document gives indicator formulas and a sample screening outline, but it reports no backtest or realized performance. It acknowledges that the rules omit company fundamentals and broader, longer-term market conditions. It suggests adding fundamental and market-trend inputs and checking price surges over more than one lookback period. The provided code example also does not clearly implement all stated conditions, so the screen would need careful validation before use.

Key ideas

• The screen requires a daily high-low range above one percent of the previous close.
• It uses weekly MACD above zero as a trend condition.
• It looks for at least one daily gain of ten percent or more in the past 25 trading days.
• The selection rules omit fundamental analysis and longer-term market context.
• The document describes the screen but supplies no performance evidence.

Tags

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