Metaverse Stocks with a Rising 30-Day Average and High Range

Summary

This stock screen combines a metaverse concept filter with an upward-sloping 30-day moving average and an intraday range threshold. The stated formula defines the range as the high-low spread divided by the sum of the high and low, with a cutoff above one percent. The Python example also describes selecting stocks whose close is above the prior session’s 30-day average and assigning equal weights to selected names.

The rationale is to pair a thematic exposure with evidence of an established upward trend and meaningful price movement. The document gives no backtest, performance data, or evidence that the combination predicts returns. It warns that high-range stocks can carry greater risk and that trend filters may select shares after prices have become expensive. It recommends weighing fundamentals and business prospects alongside volatility, but does not specify how to assess them or provide a complete trading and exit plan.

Key ideas

• The screen requires a metaverse concept classification, an upward 30-day moving average, and a daily range above one percent.
• The stated range measure divides the high-low difference by the sum of the day’s high and low.
• The example Python logic uses the prior session’s 30-day average as a close-price threshold and equally weights selected stocks.
• High-range shares and stocks selected after a sustained rise may carry elevated risk.
• The document provides no backtest or measured evidence of strategy performance.

Tags

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