Stock Screening with RSI, Profit Growth, and Weekly Signals

Summary

This Chinese equity screen combines RSI, earnings growth, and a weekly bar signal. It looks for stocks with RSI below 65, year-over-year growth in net profit attributable to parent-company shareholders above 20% and no higher than 100%, and a positive weekly bar. The stated rationale is to pair a potentially rebound-prone technical profile with evidence of profitable growth.

The article includes sample database and Python logic, along with caveats about the subjectivity of RSI and weekly-bar thresholds and the possibility of unstable selections in volatile or broadly risky markets. It does not provide backtest results or evidence that the screen produces positive returns. It recommends adjusting the weekly signal criteria and including other fundamentals, such as leverage. The examples may not implement the described conditions identically, so users would need to verify data definitions and calculations before relying on them.

Key ideas

• The screen combines RSI below 65, positive weekly bars, and a bounded range of earnings growth.
• Its rationale is to find potentially rebounding stocks that also show profitable growth.
• The article supplies sample implementations but no reported performance evidence.
• Subjective thresholds and market conditions can affect selection stability.
• The code examples may differ from the stated strategy and require validation.

Tags

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