Metaverse Stock Screening with Auction Net Buying and MACD

Summary

This note presents a Chinese equity screen that combines metaverse-theme membership, positive net buying attributed to major participants during the opening auction, and a MACD value above zero. It gives a formula for calculating MACD from 12- and 26-period exponential moving averages and a 9-period signal average, along with platform and sample code references. The rationale is to combine a popular theme, evidence of buying interest, and a bullish technical condition.

The document acknowledges that the rules are simple, may omit or misclassify candidates, ignore company fundamentals, and can be unreliable in some market conditions. It suggests adding other indicators and fundamental factors, adapting MACD thresholds to conditions, and adjusting allocation and position size. No backtest, performance data, or validation is provided, so the screen's predictive value remains unestablished.

Key ideas

• The screen requires metaverse-theme membership, positive auction net buying, and MACD above zero.
• The described MACD uses 12- and 26-period exponential averages with a 9-period signal average.
• The rationale combines theme exposure, buying flow, and a bullish technical condition.
• The author warns that the filter is simple, omits fundamentals, and may produce false signals.
• No backtest or performance evidence is included.

Tags

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