Metaverse Stocks Screened by Rising Moving Averages

Summary

This post describes a stock screen for companies associated with the metaverse concept. It combines a rising 30-day moving average with a 20-day moving average above the 120-day average, using these conditions as signs of upward price momentum and relative strength. The document also sketches a selection process that considers fundamental and technical characteristics, though it does not define specific profitability or growth thresholds beyond the moving-average rules.

The post flags possible small-company and liquidity exposure, omission of valuation checks, and the risk that moving averages may be disrupted by short-term price fluctuations. Suggested refinements include adding profitability and valuation filters, accounting for company size, and using multiple indicators. It includes formula and code references for implementing the screen, but provides no backtest results, universe definition, rebalancing schedule, or evidence that the selection rules produce returns. The strategy is therefore a screening concept rather than a validated trading system; results would depend on data quality, interpretation of the industry classification, and execution choices.

Key ideas

• The screen selects metaverse-related stocks whose 30-day moving average is rising and whose 20-day average exceeds the 120-day average.
• The moving-average conditions are intended to identify upward trends and relatively strong prices.
• The author notes liquidity, company-size, valuation, and short-term signal risks.
• Adding fundamental filters and considering size are suggested ways to refine the screen.
• No backtest or performance evidence is provided, so profitability is not established.

Tags

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