Weekly structural research · MEX · Consumer Cyclical

LVS Stage Analysis

Las Vegas Sands Corp.

Week ending 25 Sep 2026Close MXN 670.00Tenure EstablishedBenchmark ^MXX

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: wide and expanding.

Direction -90−100 bearish to +100 bullish

Energy 96/100directional strength

Maturity 70/100lifecycle context

Confidence 78/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -100.0%position within the Activity structure

Fair Value context -25.5%MXN 899.63 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-09-25	670.00	860.20	-28.95	558	Downward Expansion	-90	96
2026-09-18	686.20	871.59	-25.91	905	Downward Expansion	-93	96
2026-09-11	717.20	882.44	-23.76	500	Downward Expansion	-90	81
2026-09-04	752.03	891.68	-21.73	2090	Downward Expansion	-81	70
2026-08-28	770.20	899.90	-21.11	3412	Downward Expansion	-80	68
2026-08-21	796.00	904.69	-19.45	1426	Downward Expansion	-68	60
2026-08-14	790.00	912.34	-18.94	1794	Downward Expansion	-74	64
2026-08-07	796.28	921.78	-21.89	2038	Downward Expansion	-73	66
2026-07-31	842.94	932.38	-17.83	0	Downward Expansion	-68	67
2026-07-24	795.18	943.26	-22.33	232	Downward Expansion	-70	89
2026-07-17	766.39	957.06	-25.88	0	Downward Expansion	-92	95
2026-07-10	817.07	971.83	-21.31	22	Downward Expansion	-74	71
2026-07-03	808.18	984.90	-23.23	0	Downward Expansion	-85	73
2026-06-26	826.00	998.39	-22.05	1701	Downward Expansion	-86	73
2026-06-19	838.15	1,012.49	-21.67	0	Downward Expansion	-87	73
2026-06-12	905.01	1,024.23	-15.92	0	Downward Expansion	-66	67
2026-06-05	883.00	1,035.20	-15.76	108	Downward Expansion	-67	68
2026-05-29	880.00	1,045.85	-19.06	1330	Downward Expansion	-69	85
2026-05-22	851.09	1,052.15	-21.51	164	Downward Expansion	-97	99
2026-05-15	880.00	1,059.42	-18.49	52	Downward Expansion	-96	99
2026-05-08	919.00	1,060.41	-17.29	30	Downward Expansion	-81	93
2026-05-01	914.21	1,062.04	-15.38	0	Downward Expansion	-90	96
2026-04-24	914.21	1,062.86	-16.96	67	Downward Expansion	-89	92
2026-04-17	976.64	1,065.19	-11.95	46	Downward Expansion	-67	70
2026-04-10	952.69	1,065.44	-14.16	97	Downward Expansion	-82	64
2026-04-03	1,011.67	1,067.22	-8.29	0	Downward Expansion	-45	42
2026-03-27	1,011.67	1,067.04	-4.01	0	Deceleration	-45	42
2026-03-20	1,011.67	1,068.98	-0.13	0	Deceleration	-46	44
2026-03-13	1,011.67	1,069.43	-2.50	0	Deceleration	-21	38
2026-03-06	1,011.67	1,069.28	-5.02	0	Rotation Down	-34	47
2026-02-27	1,011.67	1,068.26	-10.70	0	Rotation Down	-28	55
2026-02-20	1,011.67	1,067.97	-11.09	300	Rotation Down	-31	74
2026-02-13	994.54	1,066.54	-12.93	15	Rotation Down	-31	75
2026-02-06	998.66	1,064.58	-11.99	897	Rotation Down	-31	73
2026-01-30	913.92	1,062.47	-15.91	2566	Rotation Down	-56	61
2026-01-23	1,025.35	1,061.85	-7.03	280	Rotation Down	-16	39
2026-01-16	1,073.32	1,055.33	-1.40	3815	Deceleration	13	26
2026-01-09	1,114.30	1,046.19	3.73	317	Deceleration	41	33
2026-01-02	1,169.26	1,035.28	11.70	370	Upward Expansion	49	51
2025-12-26	1,209.24	1,022.51	12.40	0	Upward Expansion	62	61
2025-12-19	1,209.24	1,008.60	14.89	0	Upward Expansion	65	65
2025-12-12	1,209.24	994.09	13.20	17	Upward Expansion	67	67
2025-12-05	1,212.88	981.18	15.65	162	Upward Expansion	68	88
2025-11-28	1,249.21	966.93	18.41	535	Upward Expansion	85	94
2025-11-21	1,190.25	948.69	15.73	131	Upward Expansion	72	90
2025-11-14	1,234.22	932.18	18.97	226	Upward Expansion	92	97
2025-11-07	1,202.24	912.44	13.97	863	Upward Expansion	91	76
2025-10-31	1,069.08	893.77	2.26	0	Deceleration	79	56
2025-10-24	1,069.08	880.98	4.53	1692	Deceleration	62	31
2025-10-17	909.71	871.39	-12.22	3616	Deceleration	10	26
2025-10-10	968.16	869.70	-5.23	29	Deceleration	35	38
2025-10-03	938.59	866.05	-10.58	1254	Deceleration	41	35
2025-09-26	984.15	865.07	-7.15	0	Upward Expansion	50	50
2025-09-19	984.15	862.68	-5.82	1181	Upward Expansion	64	64
2025-09-12	1,006.13	860.10	-4.59	0	Upward Expansion	67	68
2025-09-05	1,006.13	855.89	-2.34	227	Upward Expansion	68	68
2025-08-29	1,070.08	851.93	7.13	239	Upward Expansion	95	98
2025-08-22	1,025.10	847.84	2.16	37	Upward Expansion	87	95
2025-08-15	1,007.13	842.98	2.26	40	Upward Expansion	84	94
2025-08-08	981.15	840.13	0.44	494	Rotation Up	75	91
2025-08-01	1,002.88	840.36	5.17	154	Rotation Up	65	87
2025-07-25	968.92	842.70	1.29	673	Rotation Up	63	87
2025-07-18	935.49	846.17	-0.02	0	Rotation Up	50	82
2025-07-11	935.49	850.76	-0.25	2470	Rotation Up	55	81
2025-07-04	895.41	855.35	-6.50	2924	Rotation Up	31	45
2025-06-27	829.57	861.90	-12.40	118	Balance	5	16
2025-06-20	799.11	869.71	-14.02	220	Downward Expansion	-18	18
2025-06-13	787.12	877.34	-17.17	49	Downward Expansion	-31	24
2025-06-06	786.12	884.51	-18.32	42	Downward Expansion	-30	33
2025-05-30	792.08	892.11	-17.60	363	Downward Expansion	-31	38
2025-05-23	773.82	900.62	-20.28	12	Downward Expansion	-38	36
2025-05-16	822.08	910.20	-14.76	5151	Downward Expansion	-46	43
2025-05-09	785.12	916.36	-16.48	5302	Downward Expansion	-65	65
2025-05-02	702.05	924.29	-24.31	8	Downward Expansion	-67	88
2025-04-25	694.98	934.51	-26.38	1064	Downward Expansion	-69	89
2025-04-18	642.05	944.89	-27.34	637	Downward Expansion	-88	96
2025-04-11	642.05	950.46	-25.35	5761	Downward Expansion	-93	97
2025-04-04	685.49	954.65	-20.43	4920	Downward Expansion	-92	95
2025-03-28	781.52	958.32	-12.40	10820	Downward Expansion	-86	85
2025-03-21	858.74	957.80	-2.81	0	Downward Expansion	-72	63
2025-03-14	858.74	954.95	-2.30	240	Deceleration	-49	47
2025-03-07	909.17	951.31	2.90	797	Rotation Down	-32	40
2025-02-28	912.66	945.12	4.49	464	Rotation Down	-35	45
2025-02-21	906.67	938.98	1.27	15879	Rotation Down	-28	44
2025-02-14	879.70	932.89	-2.28	3709	Rotation Down	-38	68
2025-02-07	887.44	928.23	0.90	12941	Rotation Down	-41	54
2025-01-31	947.34	923.84	11.22	17437	Rotation Down	-7	41
2025-01-24	879.46	917.54	3.38	2370	Rotation Down	-31	49
2025-01-17	921.38	915.25	11.63	4747	Rotation Down	2	23
2025-01-10	988.10	911.85	20.99	302	Upward Expansion	51	51
2025-01-03	1,073.12	905.69	33.89	0	Upward Expansion	66	85
2024-12-27	1,073.12	897.59	34.04	0	Upward Expansion	68	86
2024-12-20	1,073.12	886.98	34.39	0	Upward Expansion	67	65
2024-12-13	1,073.12	877.02	30.24	49	Upward Expansion	69	65
2024-12-06	1,092.08	867.49	34.25	2992	Upward Expansion	82	69
2024-11-29	1,063.63	857.43	35.86	500	Upward Expansion	78	66
2024-11-22	1,028.20	848.34	30.77	3724	Upward Expansion	67	64
2024-11-15	1,002.24	840.00	28.07	875	Upward Expansion	66	66
2024-11-08	1,013.96	832.50	26.73	62	Upward Expansion	68	67
2024-11-01	1,047.55	826.51	34.61	595	Upward Expansion	75	90
2024-10-25	1,061.15	820.76	33.96	6469	Upward Expansion	84	94
2024-10-18	1,006.98	813.26	24.60	2112	Upward Expansion	73	90
2024-10-11	1,023.01	807.59	28.40	2536	Upward Expansion	90	96
2024-10-04	1,008.43	801.75	26.52	967	Rotation Up	94	97
2024-09-27	1,006.54	796.91	26.27	32626	Rotation Up	65	76
2024-09-20	809.24	792.45	3.10	1243	Balance	8	20
2024-09-13	767.70	796.08	-1.82	2183	Downward Expansion	-24	23
2024-09-06	795.45	802.01	3.40	898	Downward Expansion	-15	19
2024-08-30	765.86	805.77	-3.97	2204	Downward Expansion	-40	24
2024-08-23	773.39	809.19	-4.46	19714	Downward Expansion	-56	39
2024-08-16	749.54	812.10	-8.66	1156	Downward Expansion	-64	55
2024-08-09	723.52	815.49	-10.46	1668	Downward Expansion	-72	82
2024-08-02	728.38	819.09	-9.00	864	Downward Expansion	-72	86
2024-07-26	723.96	823.33	-11.02	715	Downward Expansion	-82	89
2024-07-19	739.95	826.96	-10.97	2629	Downward Expansion	-79	79
2024-07-12	755.72	829.59	-11.58	3261	Downward Expansion	-68	44
2024-07-05	758.31	832.16	-7.44	57	Downward Expansion	-58	30
2024-06-28	810.70	833.57	-1.61	1979	Downward Expansion	-29	25
2024-06-21	819.41	833.24	-1.55	3805	Downward Expansion	-36	20
2024-06-14	803.21	834.00	-2.77	8849	Downward Expansion	-43	32
2024-06-07	830.15	835.45	-1.28	2171	Downward Expansion	-53	40
2024-05-31	754.82	835.93	-14.11	470	Downward Expansion	-79	82
2024-05-24	774.28	839.32	-12.87	20	Downward Expansion	-71	74
2024-05-17	787.35	842.23	-15.17	721	Downward Expansion	-64	74
2024-05-10	790.27	843.66	-15.66	9806	Downward Expansion	-63	78
2024-05-03	790.94	844.70	-15.29	479	Rotation Down	-67	75
2024-04-26	778.07	845.99	-18.28	5531	Rotation Down	-40	55
2024-04-19	777.08	846.74	-16.22	13459	Balance	-43	46
2024-04-12	834.43	846.95	-11.87	917	Balance	-21	22
2024-04-05	874.83	846.79	-10.49	1873	Upward Expansion	24	24
2024-03-29	836.25	846.08	-13.81	331	Upward Expansion	-10	26
2024-03-22	836.93	849.40	-12.97	489	Upward Expansion	10	23
2024-03-15	847.91	850.75	-11.68	282	Upward Expansion	29	19
2024-03-08	863.06	852.56	-8.48	1315	Upward Expansion	59	45
2024-03-01	872.84	856.30	-8.90	2113	Rotation Up	65	73
2024-02-23	917.93	860.02	-6.54	362	Rotation Up	44	71
2024-02-16	945.66	862.03	-4.91	2724	Rotation Up	63	77
2024-02-09	908.28	861.78	-9.28	1475	Balance	46	55
2024-02-02	868.65	865.50	-15.07	1591	Balance	7	18
2024-01-26	860.67	868.01	-14.34	1936	Balance	2	15
2024-01-19	850.98	871.92	-13.65	265	Balance	-9	12
2024-01-12	831.63	875.95	-16.20	1307	Downward Expansion	-31	16
2024-01-05	855.68	881.53	-15.05	2324	Downward Expansion	-29	17
2023-12-29	832.75	886.50	-19.38	837	Downward Expansion	-53	40
2023-12-22	818.78	893.27	-20.99	68	Downward Expansion	-58	56
2023-12-15	832.81	898.80	-19.67	9222	Downward Expansion	-57	47
2023-12-08	800.83	906.71	-19.24	2084	Downward Expansion	-71	60
2023-12-01	800.83	915.29	-18.82	19096	Downward Expansion	-71	48
2023-11-24	842.16	925.41	-13.37	108	Downward Expansion	-39	29
2023-11-17	846.71	935.48	-12.49	1482	Downward Expansion	-38	26
2023-11-10	844.61	945.14	-10.30	223	Downward Expansion	-40	30
2023-11-03	856.42	951.88	-9.03	1888	Downward Expansion	-44	37
2023-10-27	861.47	958.24	-4.07	4925	Downward Expansion	-49	47
2023-10-20	830.26	962.70	-5.93	653	Downward Expansion	-64	63
2023-10-13	821.46	969.05	-8.93	228	Downward Expansion	-66	79
2023-10-06	829.56	976.12	-8.44	769	Downward Expansion	-66	85

Price vs TrendBelow-22.1%

Trend directionFalling-10.1%

Price vs current Fair ValueBelow anchor-25.5%

Fair Value directionMoving away-16.2%

Relative Strength vs benchmarkLagging-28.9%

Relative strength directionWeakening-6.9%

Price momentumNegative-33.8%

Volume balanceSupply-led0.15×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-90 / ±100

-10.1 points since 2026-08-28

Energy

96 /100

+28.3 points since 2026-08-28

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

LVS Directional State ↗ LVS Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance3

Rotation Up8

Upward Expansion22

Deceleration37

Rotation Down89

Downward Expansion100

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-06 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 5%Rotation Up 7%Upward Expansion 22%Deceleration 7%Rotation Down 11%Downward Expansion 47%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-04-03	2026-09-25	Established	-33.8%
Deceleration	2026-03-13	2026-03-27	New	+0.0%
Rotation Down	2026-01-23	2026-03-06	Developing	-1.3%
Deceleration	2026-01-09	2026-01-16	New	-3.7%
Upward Expansion	2025-11-07	2026-01-02	Developing	-2.7%
Deceleration	2025-10-03	2025-10-31	Developing	+13.9%
Upward Expansion	2025-08-15	2025-09-26	Developing	-2.3%
Rotation Up	2025-07-04	2025-08-08	Developing	+9.6%
Balance	2025-06-27	2025-06-27	New	+0.0%
Downward Expansion	2025-03-21	2025-06-20	Established	-6.9%
Deceleration	2025-03-14	2025-03-14	New	+0.0%
Rotation Down	2025-01-17	2025-03-07	Developing	-1.3%
Upward Expansion	2024-10-11	2025-01-10	Established	-3.4%
Rotation Up	2024-09-27	2024-10-04	New	+0.2%

Classic Stage Analysis comparison

Stage 1 · Basing52

Stage 2 · Advancing0

Stage 3 · Distribution18

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MXX

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation: 100/100
Current Relative Strength: -28.95
Relative Strength direction: Weakening
Price momentum: -33.8%
Excess performance vs benchmark: -31.2%
Consumer Cyclical regime cohort: 75th percentile48 in cohort

Test LVS trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.68×

Latest completed volume relative to typical participation.

Up/down volume0.15×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 5

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore LVS Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity MXN 701.38falling

Slow Activity MXN 807.33falling

Trend Reference MXN 860.20-22.1% close margin

Current Fair Value MXN 899.63-25.5% close margin

Structural low MXN 670.00shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +4.6%

Annualized volatility +25.4%

From structural high -47.2%

From structural low +0.0%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^MXX	Regime survived	Read
Near term	32	-0.4%-25.2% to +31.4%	+50.0%	+50.0%	-2.0%	+84.4%	Usable descriptive sample
Intermediate	11	-6.1%-22.6% to +40.1%	+36.4%	+63.6%	-6.8%	+54.5%	Usable descriptive sample
Extended	6	+3.5%-24.7% to +39.1%	+50.0%	+50.0%	+0.6%	+33.3%	Usable descriptive sample
Full cycle	4	+2.6%-30.5% to +33.4%	+50.0%	+50.0%	-0.5%	+50.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

LVS Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Similar Charts

RMI Reversal Map