{
  "ticker": {
    "uuid": "0ce2b464-ddca-4351-a870-ef5a6ae6f0a5",
    "symbol": "LVS",
    "name": "Las Vegas Sands Corp.",
    "exchange": "MEX",
    "country": "MX",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -72.785,
    "architecture_energy": 64.993,
    "architecture_maturity": 90.552,
    "architecture_confidence": 95.529,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 13.72,
        "rotation_up": 26.68,
        "upward_expansion": 11.35,
        "deceleration": 60.98,
        "rotation_down": 60.61,
        "downward_expansion": 87.01
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 796.280029,
    "trend_reference": 921.777233,
    "distance_from_trend": -0.136147,
    "trend_direction": "Weakening",
    "fair_value": 904.765949,
    "distance_from_fair_value": -0.119905,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.892515,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.202652,
    "excess_performance": -0.147986,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.136147,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.11863,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.119905,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.121479,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.218925,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046004,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.202652,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.587747,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 2.724599,
      "balance": 0.587747,
      "dry_up": 2.626337,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
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      "annualized_volatility": 0.246889,
      "from_high_reference": -0.372573,
      "from_low_reference": 0.03908
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    "levels": {
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      "fair_value_reference": 904.765949,
      "structural_low": 766.331432,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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      },
      {
        "date": "2026-07-24",
        "close": 795.155836,
        "volume": 464,
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        "fair_value": 906.821108,
        "relative_strength": -22.334229,
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      },
      {
        "date": "2026-07-31",
        "close": 842.8652,
        "volume": 40,
        "typical_volume": 646.1,
        "trend": 932.377839,
        "fair_value": 905.912448,
        "relative_strength": -17.839669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.373527,
        "energy": 66.300854,
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      },
      {
        "date": "2026-08-07",
        "close": 796.280029,
        "volume": 2038,
        "typical_volume": 748.0,
        "trend": 921.777233,
        "fair_value": 904.765949,
        "relative_strength": -21.892515,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 64.992778,
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}