Metaverse Stock Screening by Recent Limit-Ups and Opening Gaps

Summary

This equity screen targets stocks in the metaverse sector that recorded a limit-up move within the prior 25 days and whose opening price falls between 2% below and 5% above the reference close. The post describes selecting candidates before 10 a.m. for trading that day and includes formula and Python examples. The stated rationale is to focus on recent price strength while avoiding stocks with especially large opening moves.

No historical returns, win rates, or other testing results are supplied. The document notes that recent limit-ups may leave few candidates and that the short-term price filters do not establish company quality or eliminate market risk. It suggests adding technical and fundamental filters, such as other indicators and valuation or share-float measures. The rules are presented as a screening starting point, with broader analysis needed before making investment decisions.

Key ideas

• The screen focuses on metaverse stocks with a limit-up event in the preceding 25 days.
• Candidates must open within a band from 2% below to 5% above the reference close.
• The post describes screening before 10 a.m. for same-day candidates.
• The document provides no performance evidence, and the filters may produce few stocks.
• It recommends adding technical and fundamental criteria to assess candidates more broadly.

Tags

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