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.
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.
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.
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.
More stock
Get alerted when ServiceNow’s signal flips
We track ServiceNow daily. Its backtested best indicator, Projection Bands (Daily), is flat right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.