Metaverse Stock Screening with a Rising 30-Day Average and Sharp Daily Drops

Summary

This stock screen combines membership in the metaverse theme with an upward-sloping 30-day moving average and a daily maximum decline between 4% and 5%. The document offers both a platform formula and a Python example that apply these conditions, with the average compared against its prior value in the formula and a shifted rolling average in the example.

The rationale is to find theme stocks in an established upward trend after a pronounced short-term fall. The article provides no performance data or evidence that this combination predicts rebounds. It flags risks from sentiment-driven short-term moves, subjective technical signals, and omitting company fundamentals. Suggested refinements include adding fundamental measures such as return on equity and PEG, considering longer-term price direction, and incorporating risk controls suited to the investor. The stated screening description is therefore a proposed filter, not a validated strategy, and its two code examples should be checked for consistency before use.

Key ideas

• The screen selects stocks associated with the metaverse theme.
• It requires the 30-day moving average to be rising.
• It filters for a daily maximum decline between 4% and 5%.
• The article recommends combining technical conditions with fundamentals and risk controls.
• No backtest results are provided to establish the screen's effectiveness.

Tags

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