Screening Metaverse Stocks with Institutional Activity and RSI

Summary

This note describes a Chinese equity screen that combines a metaverse theme, positive institutional activity, a lower daily low than the previous session, and a 30-day RSI below 30. The intended rationale is to find themed stocks with institutional interest that have recently pulled back into an oversold range, treating the decline as a possible entry opportunity.

It gives indicator and Python examples, but no backtest, performance figures, or validation of the proposed rationale. The code uses sample dates and stock data, and its low-price comparison appears inconsistent with the described condition; one close-price comparison is also self-referential. The note itself flags risks from relying on short-term price movement and potentially lagging institutional data, and suggests adding other indicators and managing exposure across multiple stocks.

Key ideas

• The screen targets metaverse-related equities with positive institutional activity.
• It requires the current low to be below the previous session's low and the 30-day RSI to be below 30.
• The stated thesis treats a short-term pullback in an otherwise favorable theme as a possible buying opportunity.
• The document provides no evidence that the rules produce positive returns, and its sample code contains apparent comparison issues.

Tags

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