The best indicator for Pinnacle West Capital (PNW)
We backtested 20 indicators across daily, weekly and hourly charts on real Pinnacle West Capital (PNW) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 50/200 Cross
On the daily chart, this is the strongest risk-adjusted edge we found for Pinnacle West Capital (PNW) over ~53.3 years — trailing buy-and-hold by 1.4% 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 | EMA 50/200 Cross ✓ | Daily | 4.8% | 0.37 | -59.4% | 40.6% | 32 | -1.4% |
| 2 | SMA 50/200 Cross ✓ | Daily | 4.8% | 0.36 | -61.8% | 48.6% | 37 | -1.4% |
| 3 | EMA 20/50 Cross ✓ | Weekly | 4.8% | 0.36 | -54.2% | 52.0% | 25 | -1.4% |
| 4 | Donchian Breakout ✓ | Daily | 2.7% | 0.27 | -47.5% | 42.0% | 207 | -3.5% |
| 5 | RSI Trend (>50) ✓ | Weekly | 3.0% | 0.26 | -52.8% | 41.9% | 148 | -3.2% |
| 6 | EMA 20/50 Cross ✓ | Daily | 2.9% | 0.25 | -66.6% | 39.4% | 127 | -3.3% |
| 7 | WaveTrend (8/6/4) ✓ | Daily | 3.4% | 0.25 | -69.7% | 68.6% | 204 | -2.8% |
| 8 | ADX / DMI | Daily | 2.2% | 0.24 | -33.1% | 41.9% | 375 | -4.0% |
| 9 | Bollinger Breakout ✓ | Weekly | 2.1% | 0.24 | -59.7% | 61.1% | 54 | -4.1% |
| 10 | MACD ✓ | Daily | 3.0% | 0.23 | -65.4% | 40.2% | 525 | -3.1% |
| 11 | Stochastic ✓ | Daily | 3.0% | 0.23 | -50.5% | 67.3% | 266 | -3.1% |
| 12 | Williams %R ✓ | Daily | 2.9% | 0.23 | -63.0% | 65.1% | 341 | -3.2% |
| 13 | Donchian Breakout ✓ | Weekly | 2.4% | 0.23 | -48.1% | 45.2% | 42 | -3.8% |
| 14 | Donchian Midline ✓ | Weekly | 2.5% | 0.23 | -58.9% | 42.7% | 150 | -3.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Pinnacle West Capital (PNW), EMA 50/200 Cross 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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