Metaverse Stocks Near the 10-Day Average with Positive Weekly MACD

Summary

This note describes a Chinese equity screen for stocks in the metaverse industry. It looks for an opening price near the 10-day moving average and a weekly MACD above zero, using these conditions as signs of a relatively steady price position and an established upward trend. The article gives example screening logic and Python code that also excludes recently listed stocks and requires sufficient price history. Its code checks whether the opening price is within five percent of the moving average and uses the weekly MACD histogram as its positive-signal test.

The screen is a simple technical filter, not a complete investment process. The article acknowledges that it leaves out company fundamentals and long-term prospects, and that a small number of conditions may produce unreliable selections. It suggests adding financial measures, other indicators, market capitalization, or turnover filters. No backtest results or performance evidence are provided, and the examples do not establish that the screen is profitable.

Key ideas

• The screen focuses on metaverse-industry stocks whose opening price is near the 10-day moving average.
• It requires weekly MACD to be above zero as an additional trend filter.
• The example Python approach excludes recently listed stocks and requires enough historical price data.
• The article cautions that technical filters alone omit fundamental and long-term information.
• No performance test is presented to support the strategy.

Tags

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