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 |
|---|---|---|---|---|---|---|---|---|
| Rally | 1983-03-22 | 1983-06-28 | 69 | $7.15 | $10.13 | +41.7% | +10.0% | +31.7% |
| Drawdown | 1983-06-28 | 1983-08-04 | 27 | $10.13 | $7.49 | -26.1% | -2.6% | -23.4% |
| Rally | 1983-08-04 | 1983-08-12 | 7 | $7.49 | $9.03 | +20.5% | +0.5% | +19.9% |
| Drawdown | 1983-08-12 | 1983-11-10 | 64 | $9.03 | $5.28 | -41.5% | +1.4% | -42.9% |
| Rally | 1983-11-10 | 1983-11-30 | 14 | $5.28 | $6.43 | +21.8% | +1.2% | +20.6% |
| Drawdown | 1983-11-30 | 1984-01-06 | 26 | $6.43 | $4.90 | -23.8% | +1.7% | -25.6% |
| Rally | 1984-01-06 | 1984-01-25 | 14 | $4.90 | $6.09 | +24.3% | -2.6% | +27.0% |
| Drawdown | 1984-01-25 | 1984-04-03 | 49 | $6.09 | $4.28 | -29.7% | -4.4% | -25.4% |
| Rally | 1984-04-03 | 1984-05-10 | 27 | $4.28 | $8.35 | +95.0% | +1.5% | +93.5% |
| Drawdown | 1984-05-10 | 1984-07-30 | 56 | $8.35 | $5.78 | -30.8% | -6.1% | -24.6% |
| Rally | 1984-07-30 | 1984-09-04 | 26 | $5.78 | $7.19 | +24.4% | +9.8% | +14.7% |
| Drawdown | 1984-09-04 | 1984-12-11 | 70 | $7.19 | $5.26 | -26.8% | -1.1% | -25.7% |
| Rally | 1984-12-11 | 1985-06-04 | 121 | $5.26 | $9.26 | +75.8% | +16.5% | +59.3% |
| Drawdown | 1985-06-04 | 1985-09-17 | 74 | $9.26 | $7.34 | -20.7% | -4.6% | -16.2% |
| Rally | 1985-09-17 | 1985-12-12 | 61 | $7.34 | $9.98 | +36.0% | +14.0% | +22.0% |
| Drawdown | 1985-12-12 | 1986-02-20 | 48 | $9.98 | $7.67 | -23.1% | +7.5% | -30.6% |
| Rally | 1986-02-20 | 1986-04-10 | 35 | $7.67 | $9.89 | +28.9% | +6.4% | +22.5% |
| Drawdown | 1986-04-10 | 1986-07-29 | 77 | $9.89 | $5.27 | -46.7% | -0.8% | -45.9% |
| Rally | 1986-07-29 | 1986-10-29 | 66 | $5.27 | $9.19 | +74.2% | +2.7% | +71.5% |
| Drawdown | 1986-10-29 | 1987-02-25 | 82 | $9.19 | $5.55 | -39.6% | +17.9% | -57.5% |
| Rally | 1987-02-25 | 1987-04-02 | 27 | $5.55 | $6.93 | +24.8% | +3.4% | +21.4% |
| Drawdown | 1987-04-02 | 1987-08-05 | 87 | $6.93 | $5.12 | -26.1% | +8.5% | -34.5% |
| Rally | 1987-08-05 | 1987-10-02 | 42 | $5.12 | $6.64 | +29.7% | +3.0% | +26.7% |
| Drawdown | 1987-10-02 | 1987-10-20 | 13 | $6.64 | $2.44 | -63.3% | -27.8% | -35.5% |
| Rally | 1987-10-20 | 1987-10-21 | 2 | $2.44 | $3.03 | +24.1% | +9.1% | +15.0% |
| Drawdown | 1987-10-21 | 1987-10-28 | 6 | $3.03 | $2.40 | -20.9% | -9.7% | -11.2% |
| Rally | 1987-10-28 | 1988-05-05 | 132 | $2.40 | $5.39 | +125.2% | +10.9% | +114.3% |
| Drawdown | 1988-05-05 | 1989-03-01 | 208 | $5.39 | $1.37 | -74.6% | +10.9% | -85.5% |
| Rally | 1989-03-01 | 1989-05-16 | 54 | $1.37 | $1.74 | +26.7% | +9.8% | +16.9% |
| Drawdown | 1989-05-16 | 1989-07-11 | 39 | $1.74 | $0.91 | -47.4% | +4.3% | -51.7% |
| Rally | 1989-07-11 | 1989-07-17 | 5 | $0.91 | $1.14 | +25.0% | +1.1% | +23.9% |
| Drawdown | 1989-07-17 | 1989-08-01 | 12 | $1.14 | $0.87 | -24.0% | +3.4% | -27.4% |
| Rally | 1989-08-01 | 1989-09-26 | 40 | $0.87 | $1.19 | +36.9% | +0.2% | +36.7% |
| Drawdown | 1989-09-26 | 1989-11-09 | 33 | $1.19 | $0.82 | -30.8% | -2.3% | -28.5% |
| Rally | 1989-11-09 | 1990-01-29 | 55 | $0.82 | $1.74 | +111.1% | -3.4% | +114.5% |
| Drawdown | 1990-01-29 | 1990-03-12 | 30 | $1.74 | $1.33 | -23.7% | +4.1% | -27.8% |
| Rally | 1990-03-12 | 1990-04-16 | 25 | $1.33 | $1.69 | +27.6% | +1.8% | +25.8% |
| Drawdown | 1990-04-16 | 1990-06-26 | 51 | $1.69 | $1.19 | -29.7% | +2.1% | -31.9% |
| Rally | 1990-06-26 | 1990-07-13 | 13 | $1.19 | $1.51 | +26.9% | +4.3% | +22.6% |
| Drawdown | 1990-07-13 | 1990-09-12 | 43 | $1.51 | $1.01 | -33.3% | -12.2% | -21.1% |
| Rally | 1990-09-12 | 1990-09-18 | 5 | $1.01 | $1.23 | +22.7% | -1.2% | +23.9% |
| Drawdown | 1990-09-18 | 1990-10-09 | 16 | $1.23 | $0.91 | -25.9% | -4.2% | -21.7% |
| Rally | 1990-10-09 | 1990-11-09 | 24 | $0.91 | $1.55 | +70.0% | +2.8% | +67.2% |
| Drawdown | 1990-11-09 | 1990-12-18 | 27 | $1.55 | $1.19 | -23.5% | +5.2% | -28.7% |
| Rally | 1990-12-18 | 1991-04-08 | 76 | $1.19 | $2.10 | +76.9% | +14.7% | +62.2% |
| Drawdown | 1991-04-08 | 1991-11-11 | 153 | $2.10 | $1.10 | -47.8% | +3.8% | -51.6% |
| Rally | 1991-11-11 | 1991-11-14 | 4 | $1.10 | $1.55 | +41.7% | +1.0% | +40.6% |
| Drawdown | 1991-11-14 | 1992-01-08 | 37 | $1.55 | $1.19 | -23.5% | +5.3% | -28.8% |
| Rally | 1992-01-08 | 1992-01-31 | 18 | $1.19 | $1.60 | +34.6% | -2.2% | +36.8% |
| Drawdown | 1992-01-31 | 1992-03-18 | 33 | $1.60 | $1.14 | -28.6% | +0.1% | -28.7% |
| Rally | 1992-03-18 | 1992-03-30 | 9 | $1.14 | $1.42 | +24.0% | -1.5% | +25.5% |
| Drawdown | 1992-03-30 | 1992-07-02 | 67 | $1.42 | $0.87 | -38.7% | +2.2% | -40.9% |
| Rally | 1992-07-02 | 1992-07-27 | 17 | $0.87 | $1.05 | +21.1% | -0.1% | +21.1% |
| Drawdown | 1992-07-27 | 1992-09-10 | 33 | $1.05 | $0.69 | -34.8% | +2.0% | -36.8% |
| Rally | 1992-09-10 | 1992-09-25 | 12 | $0.69 | $0.82 | +20.0% | -1.3% | +21.4% |
| Drawdown | 1992-09-25 | 1992-11-03 | 28 | $0.82 | $0.37 | -55.6% | +1.3% | -56.9% |
| Rally | 1992-11-03 | 1992-11-06 | 4 | $0.37 | $0.46 | +25.0% | -0.6% | +25.6% |
| Drawdown | 1992-11-06 | 1992-11-19 | 10 | $0.46 | $0.37 | -20.0% | +1.4% | -21.5% |
| Rally | 1992-11-19 | 1992-12-10 | 15 | $0.37 | $0.46 | +25.0% | +2.6% | +22.4% |
| Drawdown | 1992-12-10 | 1992-12-21 | 8 | $0.46 | $0.37 | -20.0% | +1.4% | -21.4% |
| Rally | 1992-12-21 | 1993-01-18 | 19 | $0.37 | $0.46 | +25.0% | -0.9% | +25.9% |
| Drawdown | 1993-01-18 | 1993-03-12 | 39 | $0.46 | $0.18 | -60.0% | +3.0% | -63.0% |
| Rally | 1993-03-12 | 1993-03-29 | 12 | $0.18 | $0.25 | +37.5% | +0.2% | +37.2% |
| Drawdown | 1993-03-29 | 1993-05-14 | 34 | $0.25 | $0.14 | -45.5% | -2.5% | -43.0% |
| Rally | 1993-05-14 | 1993-05-18 | 3 | $0.14 | $0.17 | +25.1% | +0.2% | +24.9% |
| Drawdown | 1993-05-18 | 1993-05-21 | 4 | $0.17 | $0.14 | -20.1% | +1.3% | -21.3% |
| Rally | 1993-05-21 | 1993-06-07 | 11 | $0.14 | $0.27 | +100.1% | +0.4% | +99.7% |
| Drawdown | 1993-06-07 | 1993-07-20 | 31 | $0.27 | $0.11 | -58.3% | -0.1% | -58.3% |
| Rally | 1993-07-20 | 1993-08-03 | 11 | $0.11 | $0.16 | +40.0% | +0.4% | +39.5% |
| Drawdown | 1993-08-03 | 1993-08-04 | 2 | $0.16 | $0.13 | -21.4% | -0.2% | -21.3% |
| Rally | 1993-08-04 | 1993-08-18 | 11 | $0.13 | $0.16 | +27.3% | +1.7% | +25.6% |
| Drawdown | 1993-08-18 | 1993-08-24 | 5 | $0.16 | $0.13 | -21.4% | +0.8% | -22.3% |
| Rally | 1993-08-24 | 1993-10-12 | 35 | $0.13 | $0.34 | +172.8% | +0.3% | +172.5% |
| Drawdown | 1993-10-12 | 1993-11-02 | 16 | $0.34 | $0.23 | -33.3% | +1.6% | -34.9% |
| Rally | 1993-11-02 | 1993-11-15 | 10 | $0.23 | $0.27 | +20.0% | -1.0% | +21.0% |
| Drawdown | 1993-11-15 | 1993-12-21 | 26 | $0.27 | $0.18 | -33.3% | +0.3% | -33.7% |
| Rally | 1993-12-21 | 1994-01-14 | 18 | $0.18 | $0.27 | +50.0% | +2.1% | +48.0% |
| Drawdown | 1994-01-14 | 1994-02-01 | 13 | $0.27 | $0.17 | -37.5% | +1.0% | -38.5% |
| Rally | 1994-02-01 | 1994-02-24 | 17 | $0.17 | $0.30 | +73.3% | -3.2% | +76.5% |
| Drawdown | 1994-02-24 | 1994-03-15 | 14 | $0.30 | $0.23 | -23.1% | +0.6% | -23.7% |
| Rally | 1994-03-15 | 1994-03-22 | 6 | $0.23 | $0.46 | +100.0% | +0.4% | +99.6% |
| Drawdown | 1994-03-22 | 1994-04-04 | 9 | $0.46 | $0.32 | -30.0% | -6.4% | -23.6% |
| Rally | 1994-04-04 | 1994-04-20 | 13 | $0.32 | $0.46 | +42.9% | +0.7% | +42.2% |
| Drawdown | 1994-04-20 | 1994-04-25 | 4 | $0.46 | $0.37 | -20.0% | +2.4% | -22.4% |
| Rally | 1994-04-25 | 1994-05-17 | 16 | $0.37 | $0.69 | +87.5% | -0.7% | +88.2% |
| Drawdown | 1994-05-17 | 1994-06-29 | 31 | $0.69 | $0.37 | -46.7% | -0.4% | -46.3% |
| Rally | 1994-06-29 | 1994-06-30 | 2 | $0.37 | $0.50 | +37.5% | -0.8% | +38.3% |
| Drawdown | 1994-06-30 | 1994-07-01 | 2 | $0.50 | $0.37 | -27.3% | +0.4% | -27.7% |
| Rally | 1994-07-01 | 1994-09-08 | 48 | $0.37 | $1.28 | +250.0% | +6.0% | +244.0% |
| Drawdown | 1994-09-08 | 1994-10-05 | 20 | $1.28 | $0.87 | -32.1% | -4.1% | -28.0% |
| Rally | 1994-10-05 | 1994-11-11 | 28 | $0.87 | $1.05 | +21.1% | +1.9% | +19.1% |
| Drawdown | 1994-11-11 | 1994-12-12 | 21 | $1.05 | $0.78 | -26.1% | -2.8% | -23.3% |
| Rally | 1994-12-12 | 1995-02-21 | 49 | $0.78 | $1.01 | +29.4% | +7.4% | +22.0% |
| Drawdown | 1995-02-21 | 1995-04-05 | 32 | $1.01 | $0.69 | -31.8% | +4.7% | -36.6% |
| Rally | 1995-04-05 | 1995-05-02 | 19 | $0.69 | $0.87 | +26.7% | +1.8% | +24.8% |
| Drawdown | 1995-05-02 | 1995-05-24 | 17 | $0.87 | $0.69 | -21.1% | +2.7% | -23.7% |
| Rally | 1995-05-24 | 1995-06-05 | 8 | $0.69 | $0.82 | +20.0% | +1.3% | +18.7% |
| Drawdown | 1995-06-05 | 1995-06-28 | 18 | $0.82 | $0.64 | -22.2% | +1.7% | -23.9% |
| Rally | 1995-06-28 | 1995-08-29 | 44 | $0.64 | $1.28 | +100.0% | +2.8% | +97.2% |
| Drawdown | 1995-08-29 | 1995-11-24 | 62 | $1.28 | $0.69 | -46.4% | +7.1% | -53.6% |
| Rally | 1995-11-24 | 1996-06-07 | 136 | $0.69 | $1.60 | +133.4% | +12.2% | +121.1% |
| Drawdown | 1996-06-07 | 1996-07-16 | 27 | $1.60 | $1.26 | -20.9% | -6.7% | -14.3% |
| Rally | 1996-07-16 | 1997-02-24 | 155 | $1.26 | $2.74 | +116.9% | +28.9% | +87.9% |
| Drawdown | 1997-02-24 | 1997-04-23 | 42 | $2.74 | $2.12 | -22.8% | -4.5% | -18.3% |
| Rally | 1997-04-23 | 1998-02-02 | 197 | $2.12 | $6.23 | +194.2% | +29.4% | +164.8% |
| Drawdown | 1998-02-02 | 1998-09-14 | 156 | $6.23 | $1.95 | -68.7% | +2.8% | -71.5% |
| Rally | 1998-09-14 | 1998-09-24 | 9 | $1.95 | $2.35 | +20.3% | +1.3% | +19.1% |
| Drawdown | 1998-09-24 | 1998-10-08 | 11 | $2.35 | $1.77 | -24.7% | -8.0% | -16.7% |
| Rally | 1998-10-08 | 1998-11-06 | 22 | $1.77 | $3.36 | +90.1% | +18.9% | +71.2% |
| Drawdown | 1998-11-06 | 1998-12-22 | 32 | $3.36 | $1.94 | -42.2% | +5.5% | -47.7% |
| Rally | 1998-12-22 | 1998-12-31 | 7 | $1.94 | $2.52 | +29.8% | +2.1% | +27.7% |
| Drawdown | 1998-12-31 | 1999-02-11 | 29 | $2.52 | $1.43 | -43.2% | +2.0% | -45.2% |
| Rally | 1999-02-11 | 1999-06-30 | 97 | $1.43 | $3.04 | +112.4% | +9.5% | +103.0% |
| Drawdown | 1999-06-30 | 1999-08-06 | 27 | $3.04 | $2.39 | -21.3% | -5.3% | -16.0% |
| Rally | 1999-08-06 | 1999-09-29 | 38 | $2.39 | $3.82 | +59.7% | -2.5% | +62.1% |
| Drawdown | 1999-09-29 | 1999-12-02 | 46 | $3.82 | $3.05 | -20.2% | +11.1% | -31.2% |
| Rally | 1999-12-02 | 2000-01-20 | 34 | $3.05 | $3.98 | +30.3% | +2.6% | +27.7% |
| Drawdown | 2000-01-20 | 2000-03-13 | 37 | $3.98 | $3.10 | -22.0% | -4.3% | -17.7% |
| Rally | 2000-03-13 | 2000-07-06 | 81 | $3.10 | $4.66 | +50.3% | +5.3% | +45.0% |
| Drawdown | 2000-07-06 | 2000-08-28 | 38 | $4.66 | $3.35 | -28.2% | +3.9% | -32.1% |
| Rally | 2000-08-28 | 2001-08-23 | 250 | $3.35 | $6.75 | +101.5% | -23.2% | +124.8% |
| Drawdown | 2001-08-23 | 2001-09-21 | 17 | $6.75 | $5.24 | -22.4% | -16.9% | -5.5% |
| Rally | 2001-09-21 | 2002-05-06 | 156 | $5.24 | $6.70 | +28.0% | +9.0% | +19.0% |
| Drawdown | 2002-05-06 | 2002-07-23 | 55 | $6.70 | $4.80 | -28.4% | -24.2% | -4.2% |
| Rally | 2002-07-23 | 2002-12-09 | 98 | $4.80 | $7.53 | +57.0% | +11.8% | +45.2% |
| Drawdown | 2002-12-09 | 2003-01-28 | 34 | $7.53 | $5.84 | -22.5% | -3.8% | -18.7% |
| Rally | 2003-01-28 | 2005-03-07 | 531 | $5.84 | $20.69 | +254.4% | +42.7% | +211.7% |
| Drawdown | 2005-03-07 | 2005-05-04 | 42 | $20.69 | $14.49 | -30.0% | -4.1% | -25.9% |
| Rally | 2005-05-04 | 2005-10-04 | 107 | $14.49 | $19.29 | +33.1% | +3.3% | +29.8% |
| Drawdown | 2005-10-04 | 2005-12-13 | 50 | $19.29 | $11.35 | -41.1% | +4.4% | -45.5% |
| Rally | 2005-12-13 | 2006-03-22 | 68 | $11.35 | $13.93 | +22.8% | +3.0% | +19.8% |
| Drawdown | 2006-03-22 | 2006-08-03 | 94 | $13.93 | $10.52 | -24.5% | -1.9% | -22.6% |
| Rally | 2006-08-03 | 2006-10-26 | 60 | $10.52 | $14.51 | +37.9% | +8.5% | +29.4% |
| Drawdown | 2006-10-26 | 2007-01-03 | 46 | $14.51 | $10.83 | -25.4% | +2.0% | -27.3% |
| Rally | 2007-01-03 | 2007-05-30 | 102 | $10.83 | $13.74 | +26.9% | +8.0% | +18.9% |
| Drawdown | 2007-05-30 | 2008-03-17 | 202 | $13.74 | $7.41 | -46.1% | -16.6% | -29.5% |
| Rally | 2008-03-17 | 2008-06-05 | 57 | $7.41 | $10.23 | +38.1% | +10.0% | +28.1% |
| Drawdown | 2008-06-05 | 2008-11-20 | 119 | $10.23 | $2.71 | -73.5% | -46.4% | -27.1% |
| Rally | 2008-11-20 | 2011-07-07 | 661 | $2.71 | $20.43 | +653.8% | +79.8% | +574.0% |
| Drawdown | 2011-07-07 | 2011-08-08 | 23 | $20.43 | $15.89 | -22.2% | -17.3% | -5.0% |
| Rally | 2011-08-08 | 2011-09-20 | 31 | $15.89 | $20.67 | +30.1% | +7.4% | +22.7% |
| Drawdown | 2011-09-20 | 2011-11-15 | 41 | $20.67 | $14.10 | -31.8% | +4.6% | -36.4% |
| Rally | 2011-11-15 | 2015-03-30 | 846 | $14.10 | $47.18 | +234.5% | +65.9% | +168.6% |
| Drawdown | 2015-03-30 | 2016-01-19 | 204 | $47.18 | $30.20 | -36.0% | -9.8% | -26.2% |
| Rally | 2016-01-19 | 2020-01-22 | 1,010 | $30.20 | $89.94 | +197.8% | +76.6% | +121.3% |
| Drawdown | 2020-01-22 | 2020-03-23 | 43 | $89.94 | $60.82 | -32.4% | -32.6% | +0.3% |
| Rally | 2020-03-23 | 2021-09-03 | 368 | $60.82 | $113.94 | +87.3% | +102.7% | -15.4% |
| Drawdown | 2021-09-03 | 2022-10-14 | 281 | $113.94 | $62.16 | -45.4% | -21.0% | -24.5% |
| Rally | 2022-10-14 | 2023-07-14 | 187 | $62.16 | $99.33 | +59.8% | +25.7% | +34.1% |
| Drawdown | 2023-07-14 | 2023-10-27 | 75 | $99.33 | $76.72 | -22.8% | -8.6% | -14.2% |
| Rally | 2023-10-27 | 2024-09-16 | 222 | $76.72 | $111.23 | +45.0% | +36.8% | +8.2% |
| Drawdown | 2024-09-16 | 2025-09-17 | 252 | $111.23 | $64.32 | -42.2% | +17.2% | -59.3% |
| Rally | 2025-09-17 | 2026-01-06 | 77 | $64.32 | $84.32 | +31.1% | +5.2% | +25.9% |
| Drawdown | 2026-01-06 | 2026-05-11 | 87 | $84.32 | $58.98 | -30.1% | +6.7% | -36.8% |
| Rally | 2026-05-11 | 2026-08-11 | 64 | $58.98 | $76.82 | +30.2% | +4.3% | +26.0% |
| Drawdown | 2026-08-11 | 2026-09-15 | 25 | $76.82 | $53.27 | -30.7% | -1.8% | -28.8% |
| Rally Ongoing | 2026-09-15 | 2026-11-05 | 38 | $53.27 | $63.51 | +19.2% | -3.1% | +22.3% |
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.