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 | 1982-06-18 | 1983-09-20 | 319 | $1.33 | $2.46 | +85.1% | +57.8% | +27.4% |
| Drawdown | 1983-09-20 | 1984-07-25 | 215 | $2.46 | $1.78 | -27.7% | -12.1% | -15.6% |
| Rally | 1984-07-25 | 1986-03-31 | 424 | $1.78 | $3.90 | +119.7% | +60.5% | +59.2% |
| Drawdown | 1986-03-31 | 1986-08-04 | 89 | $3.90 | $3.03 | -22.2% | -1.2% | -21.0% |
| Rally | 1986-08-04 | 1987-08-13 | 261 | $3.03 | $4.80 | +58.3% | +41.8% | +16.5% |
| Drawdown | 1987-08-13 | 1987-10-28 | 54 | $4.80 | $2.75 | -42.8% | -30.3% | -12.5% |
| Rally | 1987-10-28 | 1990-07-19 | 689 | $2.75 | $6.56 | +138.7% | +56.6% | +82.1% |
| Drawdown | 1990-07-19 | 1990-10-16 | 63 | $6.56 | $5.13 | -21.7% | -18.2% | -3.6% |
| Rally | 1990-10-16 | 1997-07-23 | 1,712 | $5.13 | $19.91 | +287.9% | +213.3% | +74.6% |
| Drawdown | 1997-07-23 | 1997-12-26 | 110 | $19.91 | $15.69 | -21.2% | 0.0% | -21.2% |
| Rally | 1997-12-26 | 1998-03-20 | 58 | $15.69 | $21.61 | +37.7% | +17.4% | +20.3% |
| Drawdown | 1998-03-20 | 1998-08-10 | 99 | $21.61 | $14.98 | -30.7% | -1.5% | -29.2% |
| Rally | 1998-08-10 | 1998-10-20 | 51 | $14.98 | $18.71 | +24.9% | -1.8% | +26.7% |
| Drawdown | 1998-10-20 | 1999-04-01 | 113 | $18.71 | $14.23 | -24.0% | +21.6% | -45.6% |
| Rally | 1999-04-01 | 1999-05-07 | 26 | $14.23 | $20.01 | +40.7% | +4.0% | +36.7% |
| Drawdown | 1999-05-07 | 2000-03-14 | 216 | $20.01 | $7.24 | -63.8% | +1.1% | -64.9% |
| Rally | 2000-03-14 | 2000-05-16 | 45 | $7.24 | $11.32 | +56.2% | +7.9% | +48.3% |
| Drawdown | 2000-05-16 | 2000-06-30 | 33 | $11.32 | $8.55 | -24.4% | -0.8% | -23.7% |
| Rally | 2000-06-30 | 2000-08-08 | 27 | $8.55 | $11.47 | +34.2% | +1.9% | +32.3% |
| Drawdown | 2000-08-08 | 2000-10-23 | 54 | $11.47 | $6.97 | -39.2% | -5.9% | -33.4% |
| Rally | 2000-10-23 | 2001-02-20 | 82 | $6.97 | $10.94 | +57.0% | -8.4% | +65.4% |
| Drawdown | 2001-02-20 | 2001-03-22 | 23 | $10.94 | $8.71 | -20.4% | -12.6% | -7.8% |
| Rally | 2001-03-22 | 2001-05-18 | 41 | $8.71 | $14.16 | +62.7% | +15.6% | +47.1% |
| Drawdown | 2001-05-18 | 2001-09-20 | 83 | $14.16 | $8.52 | -39.9% | -23.8% | -16.1% |
| Rally | 2001-09-20 | 2002-03-07 | 116 | $8.52 | $15.93 | +87.1% | +17.6% | +69.5% |
| Drawdown | 2002-03-07 | 2002-07-23 | 96 | $15.93 | $10.84 | -32.0% | -31.1% | -0.9% |
| Rally | 2002-07-23 | 2002-11-06 | 76 | $10.84 | $13.50 | +24.5% | +15.8% | +8.7% |
| Drawdown | 2002-11-06 | 2003-03-12 | 86 | $13.50 | $10.74 | -20.4% | -12.9% | -7.5% |
| Rally | 2003-03-12 | 2005-03-23 | 513 | $10.74 | $23.96 | +123.1% | +45.8% | +77.3% |
| Drawdown | 2005-03-23 | 2005-06-27 | 67 | $23.96 | $18.80 | -21.5% | +1.5% | -23.1% |
| Rally | 2005-06-27 | 2006-05-10 | 220 | $18.80 | $36.39 | +93.6% | +11.1% | +82.5% |
| Drawdown | 2006-05-10 | 2006-08-09 | 64 | $36.39 | $25.91 | -28.8% | -4.3% | -24.5% |
| Rally | 2006-08-09 | 2007-06-01 | 204 | $25.91 | $37.83 | +46.0% | +21.4% | +24.7% |
| Drawdown | 2007-06-01 | 2008-01-18 | 161 | $37.83 | $28.77 | -24.0% | -13.7% | -10.2% |
| Rally | 2008-01-18 | 2008-07-30 | 134 | $28.77 | $48.70 | +69.3% | -3.1% | +72.4% |
| Drawdown | 2008-07-30 | 2008-10-15 | 55 | $48.70 | $33.24 | -31.7% | -29.3% | -2.4% |
| Rally | 2008-10-15 | 2008-11-04 | 15 | $33.24 | $40.27 | +21.1% | +10.8% | +10.4% |
| Drawdown | 2008-11-04 | 2009-01-23 | 55 | $40.27 | $22.70 | -43.6% | -17.3% | -26.3% |
| Rally | 2009-01-23 | 2009-02-06 | 11 | $22.70 | $27.69 | +21.9% | +4.4% | +17.5% |
| Drawdown | 2009-02-06 | 2009-03-09 | 21 | $27.69 | $18.08 | -34.7% | -22.1% | -12.6% |
| Rally | 2009-03-09 | 2011-07-07 | 589 | $18.08 | $54.90 | +203.7% | +100.0% | +103.6% |
| Drawdown | 2011-07-07 | 2011-10-03 | 62 | $54.90 | $43.04 | -21.6% | -18.8% | -2.8% |
| Rally | 2011-10-03 | 2012-01-12 | 71 | $43.04 | $56.45 | +31.2% | +17.9% | +13.3% |
| Drawdown | 2012-01-12 | 2012-11-16 | 214 | $56.45 | $41.79 | -26.0% | +5.0% | -30.9% |
| Rally | 2012-11-16 | 2014-11-26 | 511 | $41.79 | $91.29 | +118.5% | +52.4% | +66.0% |
| Drawdown | 2014-11-26 | 2015-08-25 | 187 | $91.29 | $57.48 | -37.0% | -9.9% | -27.1% |
| Rally | 2015-08-25 | 2015-11-20 | 63 | $57.48 | $77.99 | +35.7% | +11.9% | +23.8% |
| Drawdown | 2015-11-20 | 2016-02-02 | 49 | $77.99 | $53.24 | -31.7% | -8.9% | -22.8% |
| Rally | 2016-02-02 | 2018-09-18 | 663 | $53.24 | $159.07 | +198.8% | +52.6% | +146.2% |
| Drawdown | 2018-09-18 | 2018-12-24 | 68 | $159.07 | $119.67 | -24.8% | -19.0% | -5.7% |
| Rally | 2018-12-24 | 2020-01-29 | 276 | $119.67 | $187.55 | +56.7% | +39.2% | +17.5% |
| Drawdown | 2020-01-29 | 2020-03-23 | 38 | $187.55 | $104.24 | -44.4% | -31.6% | -12.8% |
| Rally | 2020-03-23 | 2021-12-31 | 450 | $104.24 | $269.09 | +158.1% | +113.0% | +45.1% |
| Drawdown | 2021-12-31 | 2022-10-20 | 203 | $269.09 | $187.80 | -30.2% | -23.1% | -7.1% |
| Rally | 2022-10-20 | 2022-12-14 | 39 | $187.80 | $238.20 | +26.8% | +9.0% | +17.8% |
| Drawdown | 2022-12-14 | 2023-10-27 | 219 | $238.20 | $173.18 | -27.3% | +3.1% | -30.4% |
| Rally | 2023-10-27 | 2024-11-06 | 259 | $173.18 | $267.79 | +54.6% | +44.0% | +10.6% |
| Drawdown | 2024-11-06 | 2025-04-08 | 104 | $267.79 | $200.55 | -25.1% | -16.0% | -9.1% |
| Rally Ongoing | 2025-04-08 | 2026-11-05 | 398 | $200.55 | $329.25 | +64.2% | +47.6% | +16.6% |
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.