{ "ticker": { "uuid": "33f559bc-5054-4d6f-acab-fc9638acff9d", "symbol": "LNW", "name": "Light & Wonder, Inc.", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 86.48, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -19.937, "architecture_energy": 12.352, "architecture_maturity": 68.665, "architecture_confidence": 72.137, "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": 50.82, "rotation_up": 27.52, "upward_expansion": 15.05, "deceleration": 43.67, "rotation_down": 29.28, "downward_expansion": 62.71 }, "activity_lines": [ 115.223334, 114.167454, 115.435048, 118.142732 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 124.300003, "trend_reference": 125.854001, "distance_from_trend": -0.012348, "trend_direction": "Weakening", "fair_value": 137.371475, "distance_from_fair_value": -0.095154, "fair_value_direction": "Improving", "relative_strength": -9.679381, "relative_strength_direction": "Improving", "price_momentum": -0.212294, "excess_performance": -0.276, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012348, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.077704, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.095154, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.063966, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.096794, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.064789, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.212294, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.363003, "read": "Demand-led" } ], "volume": { "latest": 1413205, "relative_activity": 1.355838, "balance": 1.363003, "dry_up": 1.109987, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.07878, "annualized_volatility": 0.448944, "from_high_reference": -0.355959, "from_low_reference": 0.284224 }, "levels": { "trend_reference": 125.854001, "fair_value_reference": 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"activity_lines": [ 110.605999, 114.138727, 115.99781, 120.756 ] }, { "date": "2026-07-24", "close": 106.029999, "volume": 1377608, "typical_volume": 1118923.35, "trend": 128.258, "fair_value": 137.257757, "relative_strength": -19.111981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.072632, "energy": 65.26031, "activity_lines": [ 108.284666, 112.441272, 114.886095, 119.210172 ] }, { "date": "2026-07-31", "close": 114.279999, "volume": 715436, "typical_volume": 1085903.35, "trend": 126.867334, "fair_value": 137.307885, "relative_strength": -14.314466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.45066, "energy": 38.878383, "activity_lines": [ 110.200666, 112.388727, 114.674095, 118.308366 ] }, { "date": "2026-08-07", "close": 124.300003, "volume": 1413205, "typical_volume": 1042311.4, "trend": 125.854001, "fair_value": 137.371475, "relative_strength": -9.679381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.937409, "energy": 12.351689, "activity_lines": [ 115.223334, 114.167454, 115.435048, 118.142732 ] } ], "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." } } }