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 | 1980-04-03 | 1981-06-15 | 302 | $0.32 | $0.95 | +199.6% | +30.8% | +168.8% |
| Drawdown | 1981-06-15 | 1981-10-19 | 89 | $0.95 | $0.53 | -43.8% | -10.9% | -32.9% |
| Rally | 1981-10-19 | 1981-11-03 | 12 | $0.53 | $0.66 | +24.5% | +4.9% | +19.6% |
| Drawdown | 1981-11-03 | 1982-03-31 | 103 | $0.66 | $0.39 | -41.3% | -10.3% | -31.0% |
| Rally | 1982-03-31 | 1982-05-06 | 26 | $0.39 | $0.54 | +39.3% | +6.0% | +33.3% |
| Drawdown | 1982-05-06 | 1982-08-11 | 68 | $0.54 | $0.40 | -26.1% | -13.5% | -12.6% |
| Rally | 1982-08-11 | 1984-08-09 | 507 | $0.40 | $1.10 | +175.7% | +61.3% | +114.4% |
| Drawdown | 1984-08-09 | 1984-12-10 | 86 | $1.10 | $0.87 | -20.9% | -1.6% | -19.3% |
| Rally | 1984-12-10 | 1987-03-12 | 569 | $0.87 | $2.07 | +137.5% | +78.8% | +58.6% |
| Drawdown | 1987-03-12 | 1987-04-15 | 25 | $2.07 | $1.64 | -21.1% | -2.3% | -18.8% |
| Rally | 1987-04-15 | 1987-06-16 | 43 | $1.64 | $2.47 | +51.2% | +7.1% | +44.0% |
| Drawdown | 1987-06-16 | 1987-07-23 | 27 | $2.47 | $1.95 | -21.1% | +1.0% | -22.1% |
| Rally | 1987-07-23 | 1987-10-13 | 58 | $1.95 | $2.56 | +31.3% | +2.2% | +29.1% |
| Drawdown | 1987-10-13 | 1987-10-26 | 10 | $2.56 | $1.62 | -36.6% | -27.6% | -9.0% |
| Rally | 1987-10-26 | 1988-07-28 | 192 | $1.62 | $3.78 | +133.2% | +16.8% | +116.3% |
| Drawdown | 1988-07-28 | 1988-11-07 | 72 | $3.78 | $2.94 | -22.4% | +3.0% | -25.4% |
| Rally | 1988-11-07 | 1989-01-10 | 44 | $2.94 | $3.52 | +20.0% | +2.4% | +17.7% |
| Drawdown | 1989-01-10 | 1990-09-28 | 436 | $3.52 | $1.95 | -44.7% | +9.2% | -53.9% |
| Rally | 1990-09-28 | 1990-10-22 | 17 | $1.95 | $2.35 | +20.5% | +2.8% | +17.7% |
| Drawdown | 1990-10-22 | 1991-01-31 | 71 | $2.35 | $1.81 | -23.1% | +9.3% | -32.3% |
| Rally | 1991-01-31 | 1992-01-03 | 234 | $1.81 | $2.65 | +46.8% | +21.9% | +24.9% |
| Drawdown | 1992-01-03 | 1992-07-22 | 140 | $2.65 | $1.88 | -29.1% | -2.0% | -27.1% |
| Rally | 1992-07-22 | 1993-10-07 | 308 | $1.88 | $3.45 | +83.4% | +11.7% | +71.7% |
| Drawdown | 1993-10-07 | 1993-11-29 | 37 | $3.45 | $2.73 | -20.9% | +0.6% | -21.5% |
| Rally | 1993-11-29 | 1994-06-14 | 137 | $2.73 | $4.18 | +53.4% | +0.1% | +53.3% |
| Drawdown | 1994-06-14 | 1995-06-12 | 252 | $4.18 | $3.11 | -25.8% | +14.8% | -40.6% |
| Rally | 1995-06-12 | 1998-07-17 | 784 | $3.11 | $9.06 | +191.7% | +123.5% | +68.1% |
| Drawdown | 1998-07-17 | 1998-10-09 | 60 | $9.06 | $5.98 | -33.9% | -17.1% | -16.9% |
| Rally | 1998-10-09 | 1999-04-06 | 122 | $5.98 | $10.77 | +80.0% | +33.9% | +46.1% |
| Drawdown | 1999-04-06 | 2000-01-31 | 209 | $10.77 | $7.55 | -29.9% | +5.8% | -35.7% |
| Rally | 2000-01-31 | 2000-05-01 | 64 | $7.55 | $10.43 | +38.1% | +5.3% | +32.8% |
| Drawdown | 2000-05-01 | 2000-06-15 | 33 | $10.43 | $7.48 | -28.2% | +0.7% | -28.9% |
| Rally | 2000-06-15 | 2001-07-31 | 284 | $7.48 | $10.66 | +42.4% | -18.1% | +60.5% |
| Drawdown | 2001-07-31 | 2001-09-21 | 34 | $10.66 | $6.36 | -40.3% | -20.3% | -20.1% |
| Rally | 2001-09-21 | 2002-05-01 | 153 | $6.36 | $11.03 | +73.6% | +12.5% | +61.1% |
| Drawdown | 2002-05-01 | 2003-04-25 | 249 | $11.03 | $7.28 | -34.0% | -17.3% | -16.7% |
| Rally | 2003-04-25 | 2006-05-05 | 764 | $7.28 | $18.27 | +150.8% | +47.5% | +103.3% |
| Drawdown | 2006-05-05 | 2006-06-13 | 27 | $18.27 | $14.09 | -22.9% | -7.7% | -15.2% |
| Rally | 2006-06-13 | 2007-02-14 | 170 | $14.09 | $19.95 | +41.6% | +18.9% | +22.7% |
| Drawdown | 2007-02-14 | 2008-03-19 | 276 | $19.95 | $13.65 | -31.6% | -10.8% | -20.8% |
| Rally | 2008-03-19 | 2008-06-05 | 55 | $13.65 | $18.23 | +33.6% | +8.1% | +25.4% |
| Drawdown | 2008-06-05 | 2008-10-27 | 101 | $18.23 | $9.69 | -46.9% | -39.5% | -7.3% |
| Rally | 2008-10-27 | 2008-10-30 | 4 | $9.69 | $13.64 | +40.8% | +12.4% | +28.4% |
| Drawdown | 2008-10-30 | 2008-12-04 | 25 | $13.64 | $9.26 | -32.1% | -11.4% | -20.7% |
| Rally | 2008-12-04 | 2010-01-15 | 281 | $9.26 | $19.39 | +109.3% | +34.4% | +74.9% |
| Drawdown | 2010-01-15 | 2010-06-11 | 102 | $19.39 | $15.21 | -21.5% | -3.9% | -17.6% |
| Rally | 2010-06-11 | 2011-02-18 | 176 | $15.21 | $24.30 | +59.8% | +23.0% | +36.7% |
| Drawdown | 2011-02-18 | 2011-04-12 | 37 | $24.30 | $18.63 | -23.3% | -2.1% | -21.2% |
| Rally | 2011-04-12 | 2011-07-22 | 71 | $18.63 | $22.85 | +22.6% | +2.3% | +20.3% |
| Drawdown | 2011-07-22 | 2011-11-23 | 88 | $22.85 | $15.43 | -32.5% | -13.6% | -18.8% |
| Rally | 2011-11-23 | 2012-04-02 | 89 | $15.43 | $22.17 | +43.7% | +22.1% | +21.5% |
| Drawdown | 2012-04-02 | 2012-11-14 | 157 | $22.17 | $17.12 | -22.8% | -4.5% | -18.3% |
| Rally | 2012-11-14 | 2013-11-22 | 259 | $17.12 | $26.29 | +53.6% | +33.1% | +20.4% |
| Drawdown | 2013-11-22 | 2014-12-16 | 268 | $26.29 | $18.35 | -30.2% | +9.3% | -39.5% |
| Rally | 2014-12-16 | 2015-04-24 | 89 | $18.35 | $23.61 | +28.7% | +7.3% | +21.3% |
| Drawdown | 2015-04-24 | 2016-02-11 | 203 | $23.61 | $16.50 | -30.1% | -13.6% | -16.5% |
| Rally | 2016-02-11 | 2018-02-26 | 514 | $16.50 | $26.72 | +61.9% | +52.0% | +9.9% |
| Drawdown | 2018-02-26 | 2019-08-23 | 377 | $26.72 | $17.41 | -34.8% | +2.4% | -37.3% |
| Rally | 2019-08-23 | 2019-12-16 | 80 | $17.41 | $22.49 | +29.1% | +12.1% | +17.0% |
| Drawdown | 2019-12-16 | 2020-03-23 | 67 | $22.49 | $15.32 | -31.9% | -29.9% | -2.0% |
| Rally | 2020-03-23 | 2021-08-06 | 348 | $15.32 | $26.68 | +74.1% | +98.3% | -24.2% |
| Drawdown | 2021-08-06 | 2022-09-30 | 291 | $26.68 | $18.18 | -31.8% | -19.2% | -12.7% |
| Rally | 2022-09-30 | 2024-03-27 | 374 | $18.18 | $33.18 | +82.5% | +46.4% | +36.1% |
| Drawdown | 2024-03-27 | 2024-12-19 | 186 | $33.18 | $21.50 | -35.2% | +11.8% | -47.0% |
| Rally | 2024-12-19 | 2025-09-08 | 178 | $21.50 | $32.42 | +50.8% | +10.7% | +40.1% |
| Drawdown | 2025-09-08 | 2026-04-07 | 146 | $32.42 | $22.90 | -29.4% | +1.9% | -31.2% |
| Rally Ongoing | 2026-04-07 | 2026-11-05 | 149 | $22.90 | $36.26 | +58.3% | +11.1% | +47.2% |
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.