Shenzhen Stock Screen Using Valuation, RSI, and 15-Minute MACD

Summary

This stock-selection rule combines valuation filters with short-term technical signals. It screens Shenzhen main-board shares for positive price-to-earnings and price-to-book ratios below stated upper bounds, RSI below 65, and a shrinking negative MACD histogram on a 15-minute chart. The intended use is to find reasonably valued stocks with a possible near-term upward turn. The post also provides example indicator logic and a Python sketch for retrieving stock and price data.

The author cautions that the approach gives substantial weight to short-term technical conditions and may miss operating performance and financial health. The post suggests broadening the fundamental inputs and combining multiple technical measures, but it supplies no backtest, performance figures, or evidence that the proposed screen predicts returns. Its code example also includes implementation details that may not match the stated signal cleanly, so the screening idea should be distinguished from a validated trading system.

Key ideas

• The screen combines RSI below 65 with positive PE and PB ratios under specified ceilings.
• It looks for a shortening negative MACD histogram on a 15-minute chart as a possible entry signal.
• The stated intent is to combine valuation with short-term technical timing.
• The post identifies limited fundamental analysis and indicator uncertainty as key risks.
• No backtest or performance evidence is presented.

Tags

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