The best indicator for ServiceNow (NOW)
We backtested 382 indicators across daily, weekly and hourly charts on real ServiceNow (NOW) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where ServiceNow (NOW) 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.
Projection Bands
On the daily chart, this is the strongest risk-adjusted edge we found for ServiceNow (NOW) over ~13.9 years — trailing buy-and-hold by 4.6% CAGR.
ServiceNow (NOW) 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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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for ServiceNow (NOW) — trailing buy-and-hold by 3.6% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
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 | Projection Bands ✓ | Daily | 20.6% | 0.87 | -56.7% | 69.4% | 121 | -4.6% |
| 2 | Volatility Stop (ATR) ✓ | Weekly | 23.3% | 0.93 | -32.1% | 71.4% | 14 | -1.8% |
| 3 | Connors RSI ✓ | Daily | 18.6% | 0.84 | -41.1% | 66.7% | 168 | -6.6% |
| 4 | Demand Index ✓ | Daily | 22.9% | 0.84 | -52.2% | 71.7% | 152 | -2.3% |
| 5 | VWMA vs Price ✓ | Weekly | 19.3% | 0.84 | -36.4% | 54.5% | 33 | -5.7% |
| 6 | Donchian Midline ✓ | Weekly | 19.6% | 0.83 | -39.5% | 50.0% | 30 | -5.5% |
| 7 | VWAP Trend ✓ | Weekly | 19.5% | 0.83 | -42.2% | 50.0% | 30 | -5.6% |
| 8 | Williams %R (21) ✓ | Weekly | 19.5% | 0.83 | -39.5% | 48.3% | 29 | -5.5% |
| 9 | Supertrend Fast (10,2) ✓ | Weekly | 23.7% | 0.94 | -26.6% | 76.9% | 13 | -1.3% |
| 10 | Supertrend (10,2) ✓ | Weekly | 23.7% | 0.94 | -26.6% | 76.9% | 13 | -1.3% |
| 11 | Positive Volume Index ✓ | Daily | 19.7% | 0.81 | -36.7% | 47.1% | 34 | -5.5% |
| 12 | Williams %R (28) ✓ | Weekly | 18.5% | 0.79 | -29.5% | 40.0% | 25 | -6.6% |
| 13 | KAMA 100 Trend ✓ | Weekly | 20.8% | 0.78 | -40.1% | 44.4% | 18 | -4.3% |
| 14 | Bollinger %B ✓ | Weekly | 17.2% | 0.77 | -33.7% | 48.4% | 31 | -7.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on ServiceNow (NOW)
82 of 517 tested setups beat buy-and-hold on ServiceNow (NOW) outright. Another 1 could get there with leverage they would survive — but 3 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Elder Ray (Bull/Bear Power) | 2 | none needed | 2.63× |
| Sine-Weighted MA | 2 | none needed | 2.36× |
| RSI Trend (>50) | 1 | none needed | 2.65× |
| Rate of Change | 1 | none needed | 2.74× |
| Donchian Midline | 1 | none needed | 2.87× |
| VWAP Trend | 1 | none needed | 2.84× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For ServiceNow (NOW), Projection Bands on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — 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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