Screening Metaverse Stocks with a Moving Average and MACD

Summary

This stock-selection idea first limits the universe to companies classified in the metaverse industry. It then looks for an opening price near the ten-day moving average and uses a 15-minute MACD histogram that is still below zero but is contracting as a final filter. The stated rationale combines an industry theme, a short-term price condition, and a sign of easing downward momentum. The document also gives formula references and a Python example that retrieves stock and intraday data, calculates MACD, and returns symbols passing its conditions.

No historical test results or performance evidence are provided. The formula and Python example do not express every condition identically, so an implementation should verify the intended moving-average calculation and exact meaning of “near.” The article notes that the screen may neglect longer-term trends and company fundamentals, and that sector-wide or market risk can affect selected stocks. It suggests adding fundamental and other trend measures, but does not specify or test an improved version.

Key ideas

• The screen focuses on stocks assigned to the metaverse industry.
• It combines an opening-price condition around the ten-day moving average with a 15-minute MACD histogram filter.
• The MACD condition seeks a negative histogram that is contracting, which may indicate easing downward momentum.
• The supplied formula and Python example differ in how some conditions are represented, so their equivalence needs checking.
• The article provides no backtest and cautions that fundamentals, longer-term trends, and broad market risks are not covered.

Tags

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