Intraday Metaverse Stock Screen Using Opening Gain and Price Range

Summary

This note proposes an intraday screen for stocks in the metaverse theme. It looks for an opening-period gain below 6% by 9:25 and an amplitude, or price range relative to an earlier price, above 1%. The suggested rationale is to find themed stocks with some volatility but without an especially large early rise, potentially leaving room for a short-term rebound. The accompanying Python example estimates the early move and range from five-minute price data, while the note suggests adding indicators such as KD or RSI and considering longer-term trends.

The note provides no backtest, trade outcomes, or evidence that the screen predicts rebounds. Its code's method for identifying the metaverse universe is not clearly aligned with the stated theme, and the use of a small set of intraday prices may not faithfully represent the stated 9:25 condition or capture the full range. It also cautions that short-term filters overlook longer-term direction and that market conditions can make selected stocks unsuitable for long-term investing. Treat the criteria as a rough selection idea, not a tested strategy.

Key ideas

• The screen selects metaverse themed stocks with an opening gain below 6% and amplitude above 1%.
• Its rationale is to find volatile stocks that have not risen sharply early in the session.
• The note suggests adding technical indicators and considering longer-term trends.
• No performance evidence is provided, and the code's universe and intraday measurements may not match the stated criteria.

Tags

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