The best indicator for e.l.f.
We backtested 382 indicators across daily, weekly and hourly charts on real e.l.f. history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Volume Oscillator
On the weekly chart, this is the strongest risk-adjusted edge we found for e.l.f. over ~9.8 years — beating buy-and-hold by 16.2% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Volume Oscillator ✓ | Weekly | 26.3% | 0.97 | -35.4% | 68.2% | 22 | 16.2% |
| 2 | Relative Volatility Index ✓ | Daily | 30.7% | 0.92 | -38.5% | 39.8% | 128 | 21.0% |
| 3 | Three White Soldiers ✓ | Daily | 23.7% | 0.92 | -43.4% | 56.6% | 99 | 14.0% |
| 4 | DEMA 200 Trend ✓ | Daily | 25.1% | 0.86 | -37.6% | 48.8% | 41 | 15.4% |
| 5 | Piercing Line ✓ | Daily | 14.2% | 0.86 | -33.6% | 44.4% | 45 | 4.5% |
| 6 | Pring's Special K ✓ | Daily | 18.6% | 0.85 | -46.4% | 49.4% | 79 | 8.9% |
| 7 | EMA 15/60 Cross ✓ | Daily | 24.7% | 0.8 | -46.7% | 29.4% | 17 | 15.0% |
| 8 | TEMA 200 Trend ✓ | Daily | 20.3% | 0.77 | -46.4% | 48.1% | 54 | 10.6% |
| 9 | HLC Trend ✓ | Weekly | 22.2% | 0.76 | -43.8% | 50.0% | 22 | 12.1% |
| 10 | EMA 20/50 Cross ✓ | Daily | 22.4% | 0.75 | -48.0% | 42.1% | 19 | 12.7% |
| 11 | Morning Star ✓ | Daily | 14.6% | 0.75 | -26.9% | 53.8% | 78 | 4.9% |
| 12 | Williams %R (21) ✓ | Weekly | 20.2% | 0.74 | -48.7% | 60.0% | 15 | 10.1% |
| 13 | EMA 13/48 Cross ✓ | Daily | 21.8% | 0.73 | -55.1% | 37.5% | 24 | 12.1% |
| 14 | Perfect Trend Line ✓ | Weekly | 21.8% | 0.73 | -67.6% | 42.4% | 59 | 11.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For e.l.f., Volume Oscillator on the weekly timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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