Stock Screening with Weekly MACD, Price Amplitude, and a Price Ceiling

Summary

This post describes a stock screen that combines a daily amplitude threshold, a weekly MACD condition, and a maximum share price. The intended candidates are low-priced stocks with sizable price movement and a positive MACD reading. It shows corresponding indicator expressions and a sample Python workflow for filtering a stock universe using historical daily data.

The post offers no backtest results or evidence that the conditions produce attractive returns. It notes that low share price does not imply lower risk, that technical filters can produce misleading signals, and that the screen omits company fundamentals such as finances, competition, and industry outlook. It suggests adding other technical and fundamental checks, but does not specify or evaluate a revised model. The sample code and threshold choices should be treated as illustrative; the described screen is a candidate-generation rule, not a validated investment strategy.

Key ideas

• The screen requires price amplitude above a threshold, weekly MACD above zero, and a share price below a ceiling.
• The post illustrates how to express the filters and apply them to a stock universe.
• It does not provide backtest evidence or measured performance.
• Low share price is not a reliable proxy for low risk, and the screen omits fundamental analysis.

Tags

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