The best indicator for EVgo
We backtested 382 indicators across daily, weekly and hourly charts on real EVgo history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where EVgo stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Morning Star
On the daily chart, this is the strongest risk-adjusted edge we found for EVgo over ~5.8 years — beating buy-and-hold by 49.0% CAGR.
EVgo on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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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 | Morning Star ✓ | Daily | 20.0% | 0.71 | -44.3% | 52.1% | 48 | 49.0% |
| 2 | Supertrend (20,3) | Daily | 35.5% | 0.76 | -56.6% | 50.0% | 14 | 64.5% |
| 3 | Price Momentum Oscillator | Daily | 25.1% | 0.64 | -55.0% | 41.2% | 34 | 54.1% |
| 4 | Gator Oscillator ✓ | Daily | 19.1% | 0.62 | -40.8% | 40.7% | 59 | 48.2% |
| 5 | KAMA 30 Trend ✓ | Daily | 23.1% | 0.61 | -72.0% | 31.5% | 54 | 52.1% |
| 6 | Accelerator Oscillator | Daily | 19.9% | 0.58 | -64.5% | 32.9% | 79 | 48.9% |
| 7 | Bollinger Breakout | Daily | 18.6% | 0.56 | -55.6% | 47.8% | 23 | 47.6% |
| 8 | ALMA 10/30 Cross | Daily | 18.7% | 0.56 | -61.1% | 37.7% | 61 | 47.7% |
| 9 | Adaptive Supertrend | Daily | 17.7% | 0.55 | -59.5% | 36.8% | 38 | 46.7% |
| 10 | TEMA 20/50 Cross | Daily | 15.9% | 0.53 | -48.6% | 50.0% | 24 | 45.0% |
| 11 | Bandpass Oscillator ✓ | Daily | 16.0% | 0.53 | -66.9% | 42.4% | 66 | 45.0% |
| 12 | Fisher Transform ✓ | Weekly | 17.8% | 0.52 | -49.6% | 37.5% | 24 | 47.2% |
| 13 | Aroon ✓ | Daily | 14.7% | 0.51 | -70.0% | 35.7% | 42 | 43.8% |
| 14 | Aroon Oscillator ✓ | Daily | 14.7% | 0.51 | -70.0% | 35.7% | 42 | 43.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
The question doesn't apply here. Buy-and-hold on EVgo lost money across the out-of-sample window in 278 of 278 tests, so there is no positive benchmark to lever toward — clearing a negative bar is a much weaker claim than beating a real one, and we keep the two apart rather than counting it as a win. How we compute that
For EVgo, Morning Star on the daily 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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