Screening Metaverse Stocks with a Long-Term Moving Average and Weekly MACD

Summary

This stock screen combines membership in the metaverse theme with two technical conditions: the prior day’s share price must be above its 250-day moving average, and weekly MACD must be above zero. The article presents the long moving average as a way to assess price relative to a long-term reference and weekly MACD as a filter for an upward longer-term trend. It also includes example screening logic and implementation guidance.

The document offers no backtest, return figures, or evidence that the conditions produce an advantage. It acknowledges that the criteria are simple and may yield unstable selections as markets change. Suggested extensions include applying different filters by sector, adding indicators such as RSI or KDJ, and considering company fundamentals such as revenue and earnings. The theme classification and indicator calculations would also need consistent definitions for a reproducible screen.

Key ideas

• The screen requires metaverse theme membership, price above the 250-day moving average, and weekly MACD above zero.
• The moving average and MACD conditions are used as long-term price and trend filters.
• The article gives example implementation logic but no performance evidence.
• Simple technical filters may produce unstable selections and can be supplemented with other indicators and fundamental research.

Tags

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