Stock Screening with Weekly MACD, Daily Range, and Prior-Low Conditions

Summary

The document describes a technical stock screen combining three conditions: daily amplitude above one percent, weekly MACD above zero, and the latest close above the prior day’s low. It presents the conditions as a way to find stocks with positive price behavior and includes example screening logic using market data and technical-analysis tools.

The article does not report a backtest or measured returns, and it cautions that the screen omits company fundamentals and faces unpredictable market risk. Its sample code also does not implement the stated rules exactly: it substitutes other calculations for the amplitude and MACD conditions. The proposed improvements are to combine technical signals with financial, industry, sentiment, or funding information and to add risk controls such as stop rules. The screen is therefore a simple candidate-selection concept, not evidence of a validated trading strategy.

Key ideas

• The stated screen combines daily amplitude above one percent, weekly MACD above zero, and a close above the previous day’s low.
• The article frames these conditions as a technical filter for stock candidates.
• It provides no backtest results or evidence that the screen predicts returns.
• The sample code’s calculations do not fully match the stated screening conditions.
• The article recommends combining the screen with broader analysis and risk controls.

Tags

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