Metaverse Stock Screen Using the 10-Day Average and Two-Day High

Summary

This Chinese equity screen first limits candidates to the metaverse sector. It then looks for stocks whose opening price is near or above the 10-day moving average, using a prior-close and prior-open comparison in the provided formula, and requires the current high to equal the highest high over two days. The intended idea is to find short-term strength near a moving-average level.

The post characterizes the method as a short-term technical screen and notes that it omits company fundamentals and can be vulnerable to market fluctuations. It recommends adding fundamental and industry checks, testing other time windows or indicators, and improving risk controls. Example formulas and Python code are included, but the code’s moving-average calculation uses recent opening prices, which differs from the formula’s moving average of closes. No backtest or performance results are presented, so the document does not establish whether the screen predicts future returns.

Key ideas

• The screen is restricted to stocks in the metaverse industry.
• It uses a 10-day moving-average condition involving the current open and prior-day prices.
• It requires the current high to be the highest high across two days.
• The post warns that the technical rules are short-term and omit fundamental information.
• The examples do not include performance evidence, and the Python moving-average calculation differs from the formula description.

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