Stock Screening with Weekly MACD, Price Range, and Market Value

Summary

This document describes a Chinese equity screening rule combining daily price range, weekly MACD, and company market value. It selects stocks whose high-to-low range exceeds 1% of the previous close, whose weekly MACD is above zero with the stated signal-line condition, and whose total market value is at least 2 billion yuan. The post also gives formula and Python examples intended to illustrate the filters.

The author frames the rule as a way to find stocks with price movement and positive technical momentum while excluding smaller companies. No backtest, performance evidence, or measured outcomes are provided. The post itself cautions that the screen is narrow, omits company growth prospects and industry or policy conditions, and may be affected by the chosen market-value range. It suggests adding financial measures such as revenue, profit, and assets, and considering industry differences. The code examples are references rather than a complete validated implementation, so the described criteria should be treated as a preliminary screen, not evidence of an investable edge.

Key ideas

• The screen requires a daily high-low range above 1% of the prior close.
• It uses a weekly MACD condition and requires total market value of at least 2 billion yuan.
• The post offers formula and Python illustrations but reports no backtest results.
• The author identifies omitted growth, industry, and policy factors as limitations.
• Additional financial measures and industry-specific analysis are suggested.

Tags

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