Stock Screening with Weekly MACD, Daily Range, and Mid-Size Float Value

Summary

This stock screen selects shares whose daily high-low range exceeds one percent of the previous close, whose weekly MACD is above zero, and whose float market value lies between 5 billion and 10 billion. The article presents these conditions as a way to combine price movement, a positive trend signal, and a middle-sized capitalization range. It includes formula examples and a data-fetching sketch, but does not report a backtest or measured trading results.

The author notes that the screen does not assess company earnings or financial health and that market volatility remains unpredictable. Suggested enhancements include adding fundamental, technical, and capital-flow variables, as well as stronger risk controls and stop-loss rules. The examples leave some operational questions unresolved, including how the range measure and weekly MACD are aligned to decision time. Treat the rules as a candidate filter that needs careful validation, not as demonstrated evidence of an effective strategy.

Key ideas

• The screen requires a daily high-low range greater than one percent of the prior close.
• It selects stocks with weekly MACD above zero.
• It constrains float market value to the stated 5 billion to 10 billion range.
• The article identifies missing fundamental analysis and unpredictable market risk as limitations.
• It offers no backtest results or evidence that the filter is profitable.

Tags

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