Stock Regimes
Major swings and moving-average trends across the full price history, with each period compared to the S&P 500.
Price history
Green bands are rallies and red bands are drawdowns. A swing is confirmed when price reverses by at least 20%.
Versus the S&P 500
Both series are rebased to 100 at the first date they share in this window. Returns are price returns from adjusted closes, not dividend total return.
Regimes
| Direction | Start | End | Trading days | Start price | End price | Stock | S&P 500 | Excess |
|---|---|---|---|---|---|---|---|---|
| Drawdown | 1994-03-31 | 1994-04-19 | 13 | $0.39 | $0.24 | -39.3% | -0.7% | -38.6% |
| Rally | 1994-04-19 | 1994-05-24 | 25 | $0.24 | $0.41 | +70.6% | +2.8% | +67.9% |
| Drawdown | 1994-05-24 | 1994-06-29 | 26 | $0.41 | $0.29 | -27.6% | -1.6% | -26.0% |
| Rally | 1994-06-29 | 1994-10-10 | 72 | $0.29 | $0.56 | +90.4% | +2.5% | +87.9% |
| Drawdown | 1994-10-10 | 1994-12-22 | 53 | $0.56 | $0.40 | -28.7% | +0.1% | -28.9% |
| Rally | 1994-12-22 | 1996-01-03 | 260 | $0.40 | $4.87 | +1,120.9% | +35.2% | +1,085.7% |
| Drawdown | 1996-01-03 | 1996-01-10 | 6 | $4.87 | $3.84 | -21.1% | -3.7% | -17.4% |
| Rally | 1996-01-10 | 1996-01-12 | 3 | $3.84 | $4.73 | +23.1% | +0.6% | +22.6% |
| Drawdown | 1996-01-12 | 1996-01-23 | 8 | $4.73 | $3.65 | -22.8% | +1.8% | -24.6% |
| Rally | 1996-01-23 | 1996-02-20 | 20 | $3.65 | $5.16 | +41.4% | +4.5% | +36.8% |
| Drawdown | 1996-02-20 | 1996-04-11 | 37 | $5.16 | $3.86 | -25.2% | -1.5% | -23.7% |
| Rally | 1996-04-11 | 1996-05-22 | 30 | $3.86 | $6.50 | +68.5% | +7.5% | +61.0% |
| Drawdown | 1996-05-22 | 1996-07-15 | 37 | $6.50 | $3.59 | -44.8% | -7.2% | -37.7% |
| Rally | 1996-07-15 | 1996-07-18 | 4 | $3.59 | $5.08 | +41.5% | +2.2% | +39.3% |
| Drawdown | 1996-07-18 | 1996-08-07 | 15 | $5.08 | $3.92 | -22.7% | +3.2% | -25.9% |
| Rally | 1996-08-07 | 1996-10-03 | 41 | $3.92 | $6.15 | +56.7% | +4.3% | +52.4% |
| Drawdown | 1996-10-03 | 1997-04-25 | 142 | $6.15 | $3.50 | -43.0% | +10.5% | -53.5% |
| Rally | 1997-04-25 | 1997-06-10 | 32 | $3.50 | $5.47 | +56.3% | +13.1% | +43.2% |
| Drawdown | 1997-06-10 | 1997-08-04 | 39 | $5.47 | $4.27 | -22.0% | +9.8% | -31.9% |
| Rally | 1997-08-04 | 1998-03-30 | 165 | $4.27 | $8.21 | +92.4% | +15.1% | +77.3% |
| Drawdown | 1998-03-30 | 1998-10-14 | 139 | $8.21 | $3.65 | -55.6% | -8.1% | -47.5% |
| Rally | 1998-10-14 | 1999-03-17 | 106 | $3.65 | $7.27 | +99.1% | +29.1% | +70.1% |
| Drawdown | 1999-03-17 | 1999-05-05 | 35 | $7.27 | $5.43 | -25.3% | +3.8% | -29.1% |
| Rally | 1999-05-05 | 2000-02-17 | 201 | $5.43 | $23.35 | +329.7% | +3.0% | +326.7% |
| Drawdown | 2000-02-17 | 2000-03-30 | 30 | $23.35 | $12.90 | -44.7% | +7.2% | -51.9% |
| Rally | 2000-03-30 | 2000-04-10 | 8 | $12.90 | $17.75 | +37.6% | +1.1% | +36.4% |
| Drawdown | 2000-04-10 | 2000-05-11 | 23 | $17.75 | $13.97 | -21.3% | -6.4% | -14.9% |
| Rally | 2000-05-11 | 2000-10-02 | 100 | $13.97 | $29.16 | +108.7% | +2.0% | +106.7% |
| Drawdown | 2000-10-02 | 2000-10-03 | 2 | $29.16 | $22.99 | -21.2% | -0.7% | -20.5% |
| Rally | 2000-10-03 | 2000-11-10 | 29 | $22.99 | $29.45 | +28.1% | -4.2% | +32.3% |
| Drawdown | 2000-11-10 | 2000-11-30 | 14 | $29.45 | $21.98 | -25.4% | -3.7% | -21.6% |
| Rally | 2000-11-30 | 2001-02-28 | 61 | $21.98 | $30.98 | +40.9% | -5.7% | +46.6% |
| Drawdown | 2001-02-28 | 2001-04-03 | 25 | $30.98 | $19.87 | -35.9% | -10.8% | -25.1% |
| Rally | 2001-04-03 | 2001-12-31 | 185 | $19.87 | $37.76 | +90.0% | +3.8% | +86.3% |
| Drawdown | 2001-12-31 | 2002-02-07 | 27 | $37.76 | $27.39 | -27.5% | -5.9% | -21.6% |
| Rally | 2002-02-07 | 2002-03-19 | 28 | $27.39 | $35.18 | +28.5% | +8.3% | +20.1% |
| Drawdown | 2002-03-19 | 2002-07-23 | 88 | $35.18 | $13.99 | -60.2% | -31.8% | -28.4% |
| Rally | 2002-07-23 | 2002-08-22 | 23 | $13.99 | $20.39 | +45.7% | +20.7% | +25.0% |
| Drawdown | 2002-08-22 | 2002-09-24 | 23 | $20.39 | $15.56 | -23.7% | -14.9% | -8.8% |
| Rally | 2002-09-24 | 2002-12-03 | 50 | $15.56 | $23.16 | +48.8% | +12.4% | +36.5% |
| Drawdown | 2002-12-03 | 2002-12-19 | 13 | $23.16 | $16.96 | -26.8% | -4.0% | -22.8% |
| Rally | 2002-12-19 | 2003-06-05 | 115 | $16.96 | $33.76 | +99.1% | +12.0% | +87.2% |
| Drawdown | 2003-06-05 | 2003-12-03 | 127 | $33.76 | $11.25 | -66.7% | +7.5% | -74.2% |
| Rally | 2003-12-03 | 2004-01-20 | 32 | $11.25 | $17.10 | +52.0% | +7.0% | +45.0% |
| Drawdown | 2004-01-20 | 2004-03-31 | 51 | $17.10 | $10.47 | -38.8% | -1.1% | -37.6% |
| Rally | 2004-03-31 | 2004-05-03 | 23 | $10.47 | $13.09 | +25.0% | -0.8% | +25.8% |
| Drawdown | 2004-05-03 | 2004-08-12 | 71 | $13.09 | $10.07 | -23.1% | -4.9% | -18.2% |
| Rally | 2004-08-12 | 2004-10-08 | 41 | $10.07 | $13.00 | +29.1% | +5.5% | +23.5% |
| Drawdown | 2004-10-08 | 2004-11-22 | 32 | $13.00 | $9.87 | -24.1% | +4.9% | -29.0% |
| Rally | 2004-11-22 | 2005-03-23 | 84 | $9.87 | $12.02 | +21.8% | -0.4% | +22.2% |
| Drawdown | 2005-03-23 | 2005-04-29 | 27 | $12.02 | $9.29 | -22.7% | -1.3% | -21.3% |
| Rally | 2005-04-29 | 2006-05-11 | 261 | $9.29 | $19.38 | +108.7% | +12.9% | +95.8% |
| Drawdown | 2006-05-11 | 2006-09-14 | 88 | $19.38 | $10.22 | -47.3% | +0.8% | -48.1% |
| Rally | 2006-09-14 | 2007-07-13 | 208 | $10.22 | $19.51 | +90.8% | +17.9% | +72.9% |
| Drawdown | 2007-07-13 | 2007-08-09 | 20 | $19.51 | $12.05 | -38.2% | -6.4% | -31.8% |
| Rally | 2007-08-09 | 2007-10-31 | 59 | $12.05 | $15.22 | +26.4% | +6.6% | +19.7% |
| Drawdown | 2007-10-31 | 2008-04-01 | 104 | $15.22 | $8.53 | -44.0% | -11.6% | -32.4% |
| Rally | 2008-04-01 | 2008-05-19 | 35 | $8.53 | $10.33 | +21.1% | +4.1% | +17.0% |
| Drawdown | 2008-05-19 | 2008-10-10 | 102 | $10.33 | $6.34 | -38.7% | -37.0% | -1.7% |
| Rally | 2008-10-10 | 2011-07-21 | 700 | $6.34 | $56.73 | +795.5% | +49.4% | +746.0% |
| Drawdown | 2011-07-21 | 2011-10-04 | 53 | $56.73 | $33.85 | -40.3% | -16.4% | -24.0% |
| Rally | 2011-10-04 | 2012-05-02 | 146 | $33.85 | $56.45 | +66.8% | +24.8% | +42.0% |
| Drawdown | 2012-05-02 | 2012-06-28 | 41 | $56.45 | $43.73 | -22.5% | -5.2% | -17.3% |
| Rally | 2012-06-28 | 2014-02-27 | 418 | $43.73 | $148.00 | +238.4% | +39.5% | +198.9% |
| Drawdown | 2014-02-27 | 2014-08-07 | 113 | $148.00 | $106.73 | -27.9% | +3.0% | -30.9% |
| Rally | 2014-08-07 | 2015-08-05 | 251 | $106.73 | $262.52 | +146.0% | +10.0% | +136.0% |
| Drawdown | 2015-08-05 | 2015-11-17 | 74 | $262.52 | $70.32 | -73.2% | -2.4% | -70.9% |
| Rally | 2015-11-17 | 2015-12-16 | 21 | $70.32 | $118.47 | +68.5% | +1.1% | +67.4% |
| Drawdown | 2015-12-16 | 2016-03-18 | 64 | $118.47 | $26.98 | -77.2% | -1.1% | -76.1% |
| Rally | 2016-03-18 | 2016-03-23 | 4 | $26.98 | $33.43 | +23.9% | -0.6% | +24.5% |
| Drawdown | 2016-03-23 | 2016-04-04 | 8 | $33.43 | $26.11 | -21.9% | +1.4% | -23.3% |
| Rally | 2016-04-04 | 2016-04-26 | 17 | $26.11 | $36.23 | +38.8% | +1.2% | +37.5% |
| Drawdown | 2016-04-26 | 2016-06-27 | 44 | $36.23 | $18.73 | -48.3% | -4.4% | -43.9% |
| Rally | 2016-06-27 | 2016-08-22 | 40 | $18.73 | $31.27 | +67.0% | +9.1% | +57.8% |
| Drawdown | 2016-08-22 | 2016-10-31 | 50 | $31.27 | $17.84 | -42.9% | -2.6% | -40.4% |
| Rally | 2016-10-31 | 2016-11-01 | 2 | $17.84 | $23.86 | +33.7% | -0.7% | +34.4% |
| Drawdown | 2016-11-01 | 2016-11-08 | 6 | $23.86 | $14.98 | -37.2% | +1.3% | -38.5% |
| Rally | 2016-11-08 | 2016-11-21 | 10 | $14.98 | $18.35 | +22.5% | +2.7% | +19.8% |
| Drawdown | 2016-11-21 | 2016-12-15 | 18 | $18.35 | $13.60 | -25.9% | +2.9% | -28.8% |
| Rally | 2016-12-15 | 2017-02-15 | 42 | $13.60 | $16.86 | +24.0% | +3.9% | +20.1% |
| Drawdown | 2017-02-15 | 2017-04-21 | 46 | $16.86 | $8.51 | -49.5% | 0.0% | -49.5% |
| Rally | 2017-04-21 | 2017-07-26 | 67 | $8.51 | $17.77 | +108.8% | +5.5% | +103.3% |
| Drawdown | 2017-07-26 | 2017-11-02 | 71 | $17.77 | $11.06 | -37.8% | +4.1% | -41.9% |
| Rally | 2017-11-02 | 2018-01-09 | 46 | $11.06 | $23.87 | +115.8% | +6.6% | +109.2% |
| Drawdown | 2018-01-09 | 2018-03-02 | 37 | $23.87 | $14.88 | -37.7% | -2.2% | -35.5% |
| Rally | 2018-03-02 | 2018-06-15 | 74 | $14.88 | $26.86 | +80.5% | +3.3% | +77.2% |
| Drawdown | 2018-06-15 | 2018-09-07 | 59 | $26.86 | $20.64 | -23.2% | +3.3% | -26.5% |
| Rally | 2018-09-07 | 2018-10-03 | 19 | $20.64 | $28.32 | +37.2% | +1.9% | +35.3% |
| Drawdown | 2018-10-03 | 2018-10-29 | 19 | $28.32 | $21.95 | -22.5% | -9.7% | -12.8% |
| Rally | 2018-10-29 | 2018-11-08 | 9 | $21.95 | $27.29 | +24.3% | +6.3% | +18.1% |
| Drawdown | 2018-11-08 | 2018-12-24 | 31 | $27.29 | $17.64 | -35.4% | -16.2% | -19.1% |
| Rally | 2018-12-24 | 2019-05-08 | 93 | $17.64 | $26.45 | +49.9% | +22.5% | +27.5% |
| Drawdown | 2019-05-08 | 2019-06-03 | 18 | $26.45 | $20.52 | -22.4% | -4.7% | -17.7% |
| Rally | 2019-06-03 | 2019-07-03 | 23 | $20.52 | $25.66 | +25.0% | +9.2% | +15.9% |
| Drawdown | 2019-07-03 | 2019-10-02 | 64 | $25.66 | $18.89 | -26.4% | -3.6% | -22.8% |
| Rally | 2019-10-02 | 2019-12-12 | 51 | $18.89 | $31.89 | +68.8% | +9.7% | +59.1% |
| Drawdown | 2019-12-12 | 2020-03-18 | 66 | $31.89 | $12.98 | -59.3% | -24.3% | -35.0% |
| Rally | 2020-03-18 | 2020-06-08 | 57 | $12.98 | $20.51 | +58.0% | +34.8% | +23.2% |
| Drawdown | 2020-06-08 | 2020-09-29 | 80 | $20.51 | $14.88 | -27.5% | +3.2% | -30.6% |
| Rally | 2020-09-29 | 2021-03-11 | 113 | $14.88 | $34.38 | +131.0% | +18.1% | +112.9% |
| Drawdown | 2021-03-11 | 2021-12-01 | 185 | $34.38 | $23.00 | -33.1% | +14.6% | -47.7% |
| Rally | 2021-12-01 | 2021-12-28 | 19 | $23.00 | $28.18 | +22.5% | +6.1% | +16.5% |
| Drawdown | 2021-12-28 | 2022-06-22 | 122 | $28.18 | $7.06 | -74.9% | -21.4% | -53.5% |
| Rally | 2022-06-22 | 2022-07-07 | 11 | $7.06 | $9.21 | +30.5% | +3.8% | +26.7% |
| Drawdown | 2022-07-07 | 2022-08-02 | 19 | $9.21 | $4.58 | -50.3% | +4.8% | -55.1% |
| Rally | 2022-08-02 | 2022-08-16 | 11 | $4.58 | $6.36 | +38.9% | +5.2% | +33.6% |
| Drawdown | 2022-08-16 | 2022-08-29 | 10 | $6.36 | $5.07 | -20.3% | -6.4% | -13.9% |
| Rally | 2022-08-29 | 2022-12-02 | 68 | $5.07 | $7.93 | +56.4% | +1.0% | +55.4% |
| Drawdown | 2022-12-02 | 2022-12-28 | 18 | $7.93 | $6.09 | -23.2% | -7.1% | -16.1% |
| Rally | 2022-12-28 | 2023-02-23 | 39 | $6.09 | $9.85 | +61.7% | +6.1% | +55.7% |
| Drawdown | 2023-02-23 | 2023-05-12 | 56 | $9.85 | $5.72 | -41.9% | +2.8% | -44.7% |
| Rally | 2023-05-12 | 2023-07-31 | 54 | $5.72 | $9.71 | +69.8% | +11.3% | +58.5% |
| Drawdown | 2023-07-31 | 2023-11-13 | 75 | $9.71 | $6.53 | -32.7% | -3.9% | -28.9% |
| Rally | 2023-11-13 | 2024-03-28 | 94 | $6.53 | $10.61 | +62.5% | +19.1% | +43.4% |
| Drawdown | 2024-03-28 | 2024-06-11 | 52 | $10.61 | $6.10 | -42.5% | +2.3% | -44.8% |
| Rally | 2024-06-11 | 2024-07-17 | 25 | $6.10 | $7.62 | +24.9% | +4.0% | +21.0% |
| Drawdown | 2024-07-17 | 2024-08-07 | 16 | $7.62 | $5.22 | -31.5% | -7.0% | -24.5% |
| Rally | 2024-08-07 | 2024-11-01 | 62 | $5.22 | $9.78 | +87.4% | +10.2% | +77.2% |
| Drawdown | 2024-11-01 | 2025-02-14 | 71 | $9.78 | $6.16 | -37.0% | +6.7% | -43.7% |
| Rally | 2025-02-14 | 2025-02-26 | 8 | $6.16 | $7.70 | +25.0% | -2.6% | +27.6% |
| Drawdown | 2025-02-26 | 2025-04-11 | 33 | $7.70 | $4.32 | -43.9% | -10.0% | -33.9% |
| Rally | 2025-04-11 | 2025-08-15 | 87 | $4.32 | $8.34 | +93.1% | +20.3% | +72.8% |
| Drawdown | 2025-08-15 | 2025-10-29 | 53 | $8.34 | $5.90 | -29.3% | +6.8% | -36.1% |
| Rally | 2025-10-29 | 2026-01-07 | 48 | $5.90 | $7.90 | +33.9% | +0.4% | +33.5% |
| Drawdown | 2026-01-07 | 2026-07-24 | 137 | $7.90 | $4.43 | -43.9% | +7.1% | -51.0% |
| Rally Ongoing | 2026-07-24 | 2026-11-04 | 73 | $4.43 | $8.34 | +88.3% | +3.7% | +84.5% |
Stock returns use adjusted closes. S&P 500 is the GSPC index price return over the same dates. Excess is the stock return minus the S&P 500 return.