Screening Metaverse Stocks with a Ten-Day Average and RSI

Summary

This stock-screening note proposes selecting Chinese equities classified in the metaverse industry when the opening price is near or crosses above a ten-day moving average and the 14-period RSI is below 65. It explains the average as a way to locate price relative to a recent trend and treats the RSI threshold as a filter intended to avoid highly extended momentum. The note supplies formula and Python examples to implement the industry, price, and RSI conditions.

The proposal is a technical screen, not a complete trading system: it does not specify position sizing, entry execution, exits, or performance testing. Its example implementations also express the average-price condition differently, and the Python sketch uses a short recent price series in a way that may not match the stated opening-price rule. The author acknowledges that technical indicators alone can produce unstable selections and omit fundamental and market risks, and suggests combining other measures with risk controls. No empirical results are provided.

Key ideas

• The screen focuses on metaverse-industry equities whose opening price is near a ten-day moving average.
• It also requires a 14-period RSI below 65 as a momentum and overextension filter.
• The note provides formula and Python examples, though their moving-average conditions are not fully consistent.
• The screen relies on technical data and does not include evidence from backtesting.
• The author recommends considering fundamentals, broader market risks, and stop-loss practices.

Tags

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