Metaverse Stock Screen Using the 10-Day Average and MACD

Summary

The document describes a Chinese equity screen limited to the metaverse industry. It selects stocks whose opening price is within five percent of the 10-day average closing price and whose daily MACD is positive, with a stated condition that the prior MACD reading was below zero. The accompanying discussion frames the average as a way to find stocks near an upward trend and MACD as a measure of bullish strength.

The screen uses technical indicators and does not assess company fundamentals. The source cautions that a short-term MACD reading cannot assure strong long-term performance, and that metaverse stocks carry elevated industry risk. It suggests adding measures such as return on equity and RSI, but provides no backtest, returns, or evidence that these changes improve results. The code examples also differ in how they express the MACD condition, so implementation details should be checked before use.

Key ideas

• The screen is restricted to stocks classified in the metaverse industry.
• It selects openings within five percent of the 10-day average closing price.
• The stated MACD condition includes a positive daily reading and a prior reading below zero.
• The approach omits fundamentals and does not establish long-term performance.
• The source suggests adding fundamental and technical measures for broader assessment.

Tags

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