Stock Screening with Weekly MACD, Daily Range, and Price

Summary

This stock-selection rule combines a daily amplitude threshold, a weekly MACD condition, and a fixed share-price level. The article presents it as a way to find volatile stocks with a positive trend signal while constraining the selection to lower-priced shares. It includes indicator formulas and a Python-style example for applying the conditions, but provides no backtest results or performance evidence.

The discussion warns that the screen omits company fundamentals and broader market conditions, so selected stocks may still face substantial volatility or adverse news. It suggests adding market, financial, or industry data to improve the selection process. The stated price criterion is described inconsistently: the heading says a price of 18, while the narrative and formula use 18.5. The document does not define the screening universe or explain how the weekly indicator is synchronized with daily observations.

Key ideas

• The screen requires amplitude above one percent and a weekly MACD above zero with a positive MACD relationship to its signal line.
• It also filters for a fixed share price, though the document conflicts between 18 and 18.5.
• The article provides indicator formulas and a basic data-filtering example but reports no measured results.
• Fundamentals and market conditions are omitted and could materially affect outcomes.

Tags

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