{
  "ticker": {
    "uuid": "92bad94d-c783-4930-8537-6e100fffd435",
    "symbol": "L1VS34",
    "name": "Las Vegas Sands Corp.",
    "exchange": "SAO",
    "country": "BR",
    "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": "^BVSP",
    "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": -65.022,
    "architecture_energy": 78.122,
    "architecture_maturity": 43.779,
    "architecture_confidence": 92.655,
    "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": 27.67,
        "rotation_up": 21.02,
        "upward_expansion": 17.85,
        "deceleration": 40.64,
        "rotation_down": 61.52,
        "downward_expansion": 88.85
      },
      "activity_lines": [
        49.426656,
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        52.844335
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 51.110001,
    "trend_reference": 56.223259,
    "distance_from_trend": -0.090946,
    "trend_direction": "Weakening",
    "fair_value": 51.659808,
    "distance_from_fair_value": -0.010643,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.364131,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.294692,
    "excess_performance": -0.237644,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.090946,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.106809,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.010643,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023604,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.173641,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.061597,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.294692,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.002212,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.002212,
      "dry_up": 4.507992,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.026338,
      "annualized_volatility": 0.395021,
      "from_high_reference": -0.314786,
      "from_low_reference": 0.095955
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    "levels": {
      "trend_reference": 56.223259,
      "fair_value_reference": 51.659808,
      "structural_low": 46.635132,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.00302,
        "positive_rate": 0.5,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.025981,
        "regime_survival": 0.75,
        "best_return": 0.299424,
        "worst_return": -0.198862,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "directional_follow_through": 0.428571,
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        "worst_return": -0.186534,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 4,
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        "fair_value": 52.049721,
        "relative_strength": -24.207047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.766146,
        "energy": 69.432181,
        "activity_lines": [
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          59.259068,
          61.97601
        ]
      },
      {
        "date": "2026-05-08",
        "close": 52.700001,
        "volume": 3,
        "typical_volume": 33.35,
        "trend": 63.634983,
        "fair_value": 52.025677,
        "relative_strength": -23.523853,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.106651,
        "energy": 67.542593,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 50.200001,
        "volume": 2,
        "typical_volume": 33.45,
        "trend": 63.471557,
        "fair_value": 51.985607,
        "relative_strength": -24.341758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -92.540162,
        "energy": 96.690619,
        "activity_lines": [
          52.784095,
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          57.132532,
          60.398587
        ]
      },
      {
        "date": "2026-05-22",
        "close": 50.200001,
        "volume": 0,
        "typical_volume": 27.4,
        "trend": 63.308131,
        "fair_value": 51.969883,
        "relative_strength": -23.728973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.083671,
        "energy": 94.224559,
        "activity_lines": [
          51.511959,
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          56.105639,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 51.650002,
        "volume": 1,
        "typical_volume": 27.45,
        "trend": 62.946486,
        "fair_value": 51.945501,
        "relative_strength": -20.316317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.126178,
        "energy": 88.031114,
        "activity_lines": [
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          58.79022
        ]
      },
      {
        "date": "2026-06-05",
        "close": 51.650002,
        "volume": 0,
        "typical_volume": 27.45,
        "trend": 62.427445,
        "fair_value": 51.92112,
        "relative_strength": -17.974558,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.982454,
        "energy": 87.329413,
        "activity_lines": [
          51.236668,
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      },
      {
        "date": "2026-06-12",
        "close": 53.68,
        "volume": 0,
        "typical_volume": 27.45,
        "trend": 61.877755,
        "fair_value": 51.908891,
        "relative_strength": -15.7607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.842122,
        "energy": 65.460381,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 53.68,
        "volume": 0,
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        "trend": 61.349913,
        "fair_value": 51.896661,
        "relative_strength": -14.437851,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.420948,
        "energy": 54.73361,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 53.68,
        "volume": 0,
        "typical_volume": 27.45,
        "trend": 60.716143,
        "fair_value": 51.884432,
        "relative_strength": -16.602166,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.306273,
        "energy": 45.852295,
        "activity_lines": [
          53.274,
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          53.718329,
          56.473343
        ]
      },
      {
        "date": "2026-07-03",
        "close": 53.456626,
        "volume": 0,
        "typical_volume": 9.9,
        "trend": 60.101409,
        "fair_value": 51.870771,
        "relative_strength": -17.189944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.409221,
        "energy": 37.324976,
        "activity_lines": [
          53.470209,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 47.451719,
        "volume": 2,
        "typical_volume": 10.0,
        "trend": 59.356027,
        "fair_value": 51.818617,
        "relative_strength": -27.509479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.468808,
        "energy": 68.942925,
        "activity_lines": [
          51.54434,
          51.84467,
          52.875488,
          55.188878
        ]
      },
      {
        "date": "2026-07-17",
        "close": 47.451719,
        "volume": 0,
        "typical_volume": 10.0,
        "trend": 58.511338,
        "fair_value": 51.766463,
        "relative_strength": -25.254108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.343478,
        "energy": 93.638173,
        "activity_lines": [
          49.898357,
          51.04774,
          52.238286,
          54.420858
        ]
      },
      {
        "date": "2026-07-24",
        "close": 46.635132,
        "volume": 900,
        "typical_volume": 55.0,
        "trend": 57.639428,
        "fair_value": 51.709074,
        "relative_strength": -26.18144,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -89.947913,
        "energy": 96.261487,
        "activity_lines": [
          48.395396,
          50.197762,
          51.579624,
          53.654651
        ]
      },
      {
        "date": "2026-07-31",
        "close": 50.897321,
        "volume": 905,
        "typical_volume": 100.15,
        "trend": 56.927799,
        "fair_value": 51.679007,
        "relative_strength": -20.750102,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.767068,
        "energy": 86.304174,
        "activity_lines": [
          48.782824,
          50.187544,
          51.387082,
          53.219676
        ]
      },
      {
        "date": "2026-08-07",
        "close": 51.110001,
        "volume": 0,
        "typical_volume": 100.1,
        "trend": 56.223259,
        "fair_value": 51.659808,
        "relative_strength": -17.364131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.021695,
        "energy": 78.12241,
        "activity_lines": [
          49.426656,
          50.203317,
          51.236341,
          52.844335
        ]
      }
    ],
    "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."
    }
  }
}