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 | 1994-03-18 | 1994-05-02 | 29 | $1.72 | $2.56 | +49.1% | -3.8% | +52.9% |
| Drawdown | 1994-05-02 | 1994-06-08 | 25 | $2.56 | $1.84 | -28.0% | +0.9% | -28.9% |
| Rally | 1994-06-08 | 1995-11-09 | 334 | $1.84 | $4.22 | +128.8% | +29.8% | +99.0% |
| Drawdown | 1995-11-09 | 1996-03-08 | 82 | $4.22 | $3.13 | -25.9% | +6.8% | -32.7% |
| Rally | 1996-03-08 | 1996-04-18 | 29 | $3.13 | $3.84 | +23.0% | +1.6% | +21.4% |
| Drawdown | 1996-04-18 | 1996-07-25 | 68 | $3.84 | $2.69 | -30.1% | -1.9% | -28.1% |
| Rally | 1996-07-25 | 1997-01-29 | 127 | $2.69 | $4.66 | +73.3% | +22.4% | +50.9% |
| Drawdown | 1997-01-29 | 1997-05-06 | 67 | $4.66 | $3.38 | -27.5% | +7.2% | -34.7% |
| Rally | 1997-05-06 | 1998-02-23 | 202 | $3.38 | $5.78 | +71.3% | +25.4% | +45.9% |
| Drawdown | 1998-02-23 | 1998-10-15 | 165 | $5.78 | $3.38 | -41.6% | +0.9% | -42.5% |
| Rally | 1998-10-15 | 1999-02-02 | 74 | $3.38 | $6.00 | +77.8% | +20.5% | +57.3% |
| Drawdown | 1999-02-02 | 1999-03-24 | 36 | $6.00 | $4.16 | -30.7% | +0.5% | -31.3% |
| Rally | 1999-03-24 | 1999-09-23 | 127 | $4.16 | $7.84 | +88.7% | +0.9% | +87.8% |
| Drawdown | 1999-09-23 | 1999-10-18 | 18 | $7.84 | $6.25 | -20.3% | -2.1% | -18.3% |
| Rally | 1999-10-18 | 2000-02-07 | 78 | $6.25 | $12.00 | +92.0% | +13.6% | +78.4% |
| Drawdown | 2000-02-07 | 2000-04-14 | 49 | $12.00 | $6.91 | -42.4% | -4.8% | -37.7% |
| Rally | 2000-04-14 | 2000-04-25 | 7 | $6.91 | $8.86 | +28.3% | +8.9% | +19.4% |
| Drawdown | 2000-04-25 | 2000-05-25 | 23 | $8.86 | $6.56 | -25.9% | -6.5% | -19.4% |
| Rally | 2000-05-25 | 2000-09-14 | 78 | $6.56 | $17.75 | +170.5% | +7.2% | +163.3% |
| Drawdown | 2000-09-14 | 2000-10-17 | 24 | $17.75 | $10.44 | -41.2% | -8.8% | -32.4% |
| Rally | 2000-10-17 | 2000-11-09 | 18 | $10.44 | $14.94 | +43.1% | +3.7% | +39.4% |
| Drawdown | 2000-11-09 | 2000-12-22 | 31 | $14.94 | $8.88 | -40.6% | -6.7% | -33.9% |
| Rally | 2000-12-22 | 2001-01-03 | 7 | $8.88 | $11.25 | +26.7% | +3.2% | +23.5% |
| Drawdown | 2001-01-03 | 2001-01-04 | 2 | $11.25 | $8.52 | -24.3% | -1.1% | -23.2% |
| Rally | 2001-01-04 | 2001-01-30 | 18 | $8.52 | $11.08 | +30.1% | +3.0% | +27.1% |
| Drawdown | 2001-01-30 | 2001-04-04 | 46 | $11.08 | $7.02 | -36.7% | -19.7% | -17.0% |
| Rally | 2001-04-04 | 2001-06-07 | 45 | $7.02 | $14.56 | +107.6% | +15.7% | +91.8% |
| Drawdown | 2001-06-07 | 2001-07-10 | 23 | $14.56 | $10.25 | -29.6% | -7.5% | -22.1% |
| Rally | 2001-07-10 | 2001-08-22 | 32 | $10.25 | $14.46 | +41.0% | -1.4% | +42.4% |
| Drawdown | 2001-08-22 | 2001-09-27 | 22 | $14.46 | $10.50 | -27.4% | -12.6% | -14.8% |
| Rally | 2001-09-27 | 2001-10-24 | 20 | $10.50 | $14.26 | +35.8% | +6.5% | +29.3% |
| Drawdown | 2001-10-24 | 2001-11-19 | 19 | $14.26 | $10.17 | -28.7% | +6.1% | -34.8% |
| Rally | 2001-11-19 | 2002-05-06 | 115 | $10.17 | $17.29 | +70.1% | -8.5% | +78.6% |
| Drawdown | 2002-05-06 | 2002-07-23 | 55 | $17.29 | $12.83 | -25.8% | -24.2% | -1.6% |
| Rally | 2002-07-23 | 2002-08-19 | 20 | $12.83 | $16.24 | +26.6% | +19.2% | +7.5% |
| Drawdown | 2002-08-19 | 2002-10-09 | 37 | $16.24 | $11.19 | -31.1% | -18.3% | -12.8% |
| Rally | 2002-10-09 | 2002-11-25 | 34 | $11.19 | $19.01 | +69.9% | +20.1% | +49.8% |
| Drawdown | 2002-11-25 | 2002-12-23 | 20 | $19.01 | $12.08 | -36.5% | -3.8% | -32.7% |
| Rally | 2002-12-23 | 2003-01-16 | 17 | $12.08 | $14.52 | +20.2% | +1.9% | +18.3% |
| Drawdown | 2003-01-16 | 2003-03-12 | 38 | $14.52 | $8.79 | -39.5% | -12.1% | -27.4% |
| Rally | 2003-03-12 | 2004-01-14 | 214 | $8.79 | $27.62 | +214.2% | +40.6% | +173.6% |
| Drawdown | 2004-01-14 | 2004-03-15 | 42 | $27.62 | $21.70 | -21.4% | -2.3% | -19.1% |
| Rally | 2004-03-15 | 2004-10-18 | 151 | $21.70 | $36.74 | +69.3% | +0.9% | +68.4% |
| Drawdown | 2004-10-18 | 2005-04-15 | 125 | $36.74 | $20.85 | -43.3% | +2.6% | -45.8% |
| Rally | 2005-04-15 | 2007-06-21 | 550 | $20.85 | $33.78 | +62.1% | +33.2% | +28.8% |
| Drawdown | 2007-06-21 | 2007-08-03 | 31 | $33.78 | $25.79 | -23.7% | -5.9% | -17.8% |
| Rally | 2007-08-03 | 2007-10-26 | 60 | $25.79 | $37.19 | +44.2% | +7.1% | +37.1% |
| Drawdown | 2007-10-26 | 2008-01-17 | 57 | $37.19 | $24.82 | -33.3% | -13.2% | -20.1% |
| Rally | 2008-01-17 | 2008-04-01 | 51 | $24.82 | $37.00 | +49.1% | +2.8% | +46.3% |
| Drawdown | 2008-04-01 | 2008-04-30 | 22 | $37.00 | $24.97 | -32.5% | +1.1% | -33.6% |
| Rally | 2008-04-30 | 2008-09-19 | 100 | $24.97 | $34.14 | +36.7% | -9.4% | +46.1% |
| Drawdown | 2008-09-19 | 2008-12-01 | 51 | $34.14 | $14.01 | -59.0% | -35.0% | -24.0% |
| Rally | 2008-12-01 | 2009-01-06 | 25 | $14.01 | $20.32 | +45.0% | +14.5% | +30.5% |
| Drawdown | 2009-01-06 | 2009-03-09 | 43 | $20.32 | $14.02 | -31.0% | -27.6% | -3.4% |
| Rally | 2009-03-09 | 2009-09-17 | 135 | $14.02 | $31.03 | +121.3% | +57.5% | +63.8% |
| Drawdown | 2009-09-17 | 2009-11-30 | 52 | $31.03 | $23.27 | -25.0% | +2.8% | -27.8% |
| Rally | 2009-11-30 | 2010-03-23 | 78 | $23.27 | $30.35 | +30.4% | +7.2% | +23.3% |
| Drawdown | 2010-03-23 | 2010-06-08 | 54 | $30.35 | $23.17 | -23.7% | -9.6% | -14.1% |
| Rally | 2010-06-08 | 2011-07-22 | 285 | $23.17 | $39.47 | +70.3% | +26.6% | +43.7% |
| Drawdown | 2011-07-22 | 2011-09-22 | 44 | $39.47 | $27.99 | -29.1% | -16.0% | -13.1% |
| Rally | 2011-09-22 | 2012-02-03 | 93 | $27.99 | $39.36 | +40.6% | +19.1% | +21.6% |
| Drawdown | 2012-02-03 | 2012-07-24 | 119 | $39.36 | $26.97 | -31.5% | -0.5% | -31.0% |
| Rally | 2012-07-24 | 2013-01-24 | 126 | $26.97 | $33.99 | +26.0% | +11.7% | +14.3% |
| Drawdown | 2013-01-24 | 2013-04-15 | 56 | $33.99 | $26.10 | -23.2% | +3.8% | -27.1% |
| Rally | 2013-04-15 | 2013-12-24 | 178 | $26.10 | $43.10 | +65.1% | +18.1% | +47.0% |
| Drawdown | 2013-12-24 | 2014-10-10 | 201 | $43.10 | $31.48 | -27.0% | +4.0% | -30.9% |
| Rally | 2014-10-10 | 2014-12-09 | 42 | $31.48 | $42.15 | +33.9% | +8.1% | +25.8% |
| Drawdown | 2014-12-09 | 2016-01-19 | 279 | $42.15 | $28.34 | -32.8% | -8.7% | -24.1% |
| Rally | 2016-01-19 | 2016-08-15 | 146 | $28.34 | $43.15 | +52.3% | +16.4% | +35.8% |
| Drawdown | 2016-08-15 | 2016-11-08 | 61 | $43.15 | $30.00 | -30.5% | -2.3% | -28.2% |
| Rally | 2016-11-08 | 2017-10-03 | 227 | $30.00 | $44.85 | +49.5% | +18.5% | +31.0% |
| Drawdown | 2017-10-03 | 2018-02-09 | 90 | $44.85 | $32.25 | -28.1% | +3.4% | -31.4% |
| Rally | 2018-02-09 | 2018-08-21 | 134 | $32.25 | $43.65 | +35.3% | +9.3% | +26.1% |
| Drawdown | 2018-08-21 | 2018-12-24 | 87 | $43.65 | $32.53 | -25.5% | -17.9% | -7.6% |
| Rally | 2018-12-24 | 2019-02-20 | 39 | $32.53 | $39.98 | +22.9% | +18.4% | +4.5% |
| Drawdown | 2019-02-20 | 2019-09-03 | 136 | $39.98 | $26.92 | -32.7% | +4.4% | -37.0% |
| Rally | 2019-09-03 | 2019-12-17 | 75 | $26.92 | $38.68 | +43.7% | +9.8% | +33.8% |
| Drawdown | 2019-12-17 | 2020-03-16 | 61 | $38.68 | $14.56 | -62.4% | -25.3% | -37.1% |
| Rally | 2020-03-16 | 2020-06-08 | 59 | $14.56 | $28.31 | +94.4% | +35.5% | +59.0% |
| Drawdown | 2020-06-08 | 2020-09-10 | 67 | $28.31 | $18.34 | -35.2% | +3.3% | -38.5% |
| Rally | 2020-09-10 | 2021-03-12 | 127 | $18.34 | $33.12 | +80.6% | +18.1% | +62.5% |
| Drawdown | 2021-03-12 | 2021-07-19 | 89 | $33.12 | $25.14 | -24.1% | +8.0% | -32.1% |
| Rally | 2021-07-19 | 2021-11-05 | 79 | $25.14 | $39.75 | +58.1% | +10.3% | +47.8% |
| Drawdown | 2021-11-05 | 2022-01-27 | 57 | $39.75 | $30.05 | -24.4% | -7.9% | -16.5% |
| Rally | 2022-01-27 | 2022-05-17 | 77 | $30.05 | $40.35 | +34.3% | -5.5% | +39.8% |
| Drawdown | 2022-05-17 | 2022-09-26 | 91 | $40.35 | $25.91 | -35.8% | -10.6% | -25.2% |
| Rally | 2022-09-26 | 2023-02-03 | 91 | $25.91 | $35.33 | +36.4% | +13.2% | +23.2% |
| Drawdown | 2023-02-03 | 2023-05-05 | 64 | $35.33 | $26.20 | -25.8% | 0.0% | -25.8% |
| Rally | 2023-05-05 | 2024-12-11 | 404 | $26.20 | $53.11 | +102.7% | +47.1% | +55.6% |
| Drawdown | 2024-12-11 | 2025-04-08 | 80 | $53.11 | $29.63 | -44.2% | -18.1% | -26.1% |
| Rally | 2025-04-08 | 2025-09-11 | 108 | $29.63 | $45.40 | +53.2% | +32.2% | +21.0% |
| Drawdown | 2025-09-11 | 2026-03-18 | 130 | $45.40 | $34.27 | -24.5% | +0.6% | -25.1% |
| Rally | 2026-03-18 | 2026-10-01 | 137 | $34.27 | $62.22 | +81.6% | +15.7% | +65.8% |
| Drawdown Ongoing | 2026-10-01 | 2026-11-06 | 27 | $62.22 | $42.78 | -31.2% | -3.8% | -27.5% |
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.