Weekly structural research ยท VIE ยท Consumer Cyclical

LVSC Stage Analysis

Las Vegas Sands Corp.

Week ending 25 Sep 2026Close EUR 33.91Tenure EstablishedBenchmark ^ATX
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท 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 -92โˆ’100 bearish to +100 bullish
Energy 96/100directional strength
Maturity 66/100lifecycle context
Confidence 74/100evidence agreement
Trend gate Downstructural direction
Activity structure Wideexpanding separation
Price acceptance -100.0%position within the Activity structure
Fair Value context -20.5%EUR 42.65 ยท weakening
Trend Architecture map ยท 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 ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-09-2533.9142.28-40.2141Downward Expansion-9296
2026-09-1835.2042.72-37.32247Downward Expansion-9293
2026-09-1136.8243.17-35.95161Downward Expansion-8883
2026-09-0438.3843.55-33.630Downward Expansion-7875
2026-08-2838.7643.86-32.91247Downward Expansion-8172
2026-08-2140.0044.03-29.900Downward Expansion-6757
2026-08-1439.8544.37-31.750Downward Expansion-7160
2026-08-0739.4144.74-32.22247Downward Expansion-8068
2026-07-3142.1745.14-25.860Downward Expansion-6673
2026-07-2440.1745.55-29.860Downward Expansion-7088
2026-07-1739.3846.07-30.730Downward Expansion-8290
2026-07-1040.6346.63-30.290Downward Expansion-7378
2026-07-0340.7847.10-31.340Downward Expansion-7669
2026-06-2641.5847.63-28.680Downward Expansion-7355
2026-06-1942.4548.18-28.820Downward Expansion-6950
2026-06-1243.6848.58-23.870Downward Expansion-6158
2026-06-0543.8048.99-21.640Downward Expansion-6366
2026-05-2943.6649.35-22.810Downward Expansion-6569
2026-05-2242.6149.58-22.720Downward Expansion-7571
2026-05-1543.7349.80-19.150Downward Expansion-7361
2026-05-0845.6849.70-16.040Downward Expansion-5735
2026-05-0145.9349.59-14.330Downward Expansion-4630
2026-04-2444.6549.51-16.11250Downward Expansion-6434
2026-04-1748.9749.53-11.110Downward Expansion-4428
2026-04-1045.7649.40-14.690Downward Expansion-6148
2026-04-0346.4049.37-7.7144Rotation Down-6048
2026-03-2745.0749.33-7.060Rotation Down-4246
2026-03-2046.0249.44-3.670Deceleration-3838
2026-03-1346.5849.43-3.770Deceleration-3634
2026-03-0646.4749.40-6.50219Deceleration-3032
2026-02-2747.1549.34-10.200Rotation Down-2631
2026-02-2048.5849.23-9.49194Rotation Down-2547
2026-02-1348.1549.04-7.71180Rotation Down-2647
2026-02-0647.7348.79-9.440Rotation Down-2640
2026-01-3043.9248.59-16.09884Rotation Down-2940
2026-01-2350.2348.45-3.220Deceleration1728
2026-01-1650.7548.01-1.600Deceleration3425
2026-01-0951.5147.490.750Upward Expansion4535
2026-01-0254.4646.946.940Upward Expansion5147
2025-12-2655.7446.2711.010Upward Expansion6458
2025-12-1956.2645.5911.750Upward Expansion6865
2025-12-1254.7244.8710.89414Upward Expansion6766
2025-12-0556.5444.2814.400Upward Expansion7188
2025-11-2858.2543.5518.920Upward Expansion8795
2025-11-2154.4842.6815.87214Upward Expansion7189
2025-11-1456.0641.9017.250Upward Expansion8895
2025-11-0754.5440.9616.253Upward Expansion8988
2025-10-3150.4240.026.010Deceleration8055
2025-10-2449.1339.335.890Deceleration6232
2025-10-1740.8938.86-10.61214Deceleration1723
2025-10-1042.4538.75-9.59192Deceleration3826
2025-10-0343.4838.61-9.820Deceleration4439
2025-09-2645.2338.48-4.760Upward Expansion4948
2025-09-1945.0838.35-4.940Upward Expansion6361
2025-09-1244.9138.24-5.750Upward Expansion6665
2025-09-0545.0838.07-4.3495Upward Expansion6877
2025-08-2948.3337.902.200Upward Expansion8995
2025-08-2245.6837.73-6.610Upward Expansion7791
2025-08-1545.7237.55-7.660Upward Expansion8493
2025-08-0844.7737.41-7.240Rotation Up8393
2025-08-0143.9737.42-3.490Rotation Up5783
2025-07-2542.6937.53-8.630Rotation Up5580
2025-07-1840.8137.70-10.900Rotation Up3869
2025-07-1141.5737.95-9.3092Balance4767
2025-07-0439.8138.21-11.33650Balance2027
2025-06-2736.9138.55-18.550Balance-39
2025-06-2035.2438.93-21.12556Balance-1914
2025-06-1334.8439.30-22.810Downward Expansion-3019
2025-06-0634.5339.61-25.530Downward Expansion-2928
2025-05-3035.4539.97-23.590Downward Expansion-3032
2025-05-2334.5240.33-25.240Downward Expansion-3633
2025-05-1637.0740.74-21.0927Downward Expansion-4231
2025-05-0934.4741.02-24.820Downward Expansion-6260
2025-05-0232.2941.43-26.750Downward Expansion-6784
2025-04-2530.9341.88-29.300Downward Expansion-6888
2025-04-1827.9142.30-34.270Downward Expansion-8293
2025-04-1126.4742.57-34.9175Downward Expansion-9598
2025-04-0429.7642.85-28.45603Downward Expansion-9395
2025-03-2834.9243.01-25.020Downward Expansion-8385
2025-03-2137.5542.96-21.550Deceleration-4859
2025-03-1438.2642.87-21.300Deceleration-4743
2025-03-0739.5142.78-19.190Rotation Down-4341
2025-02-2841.4642.58-12.860Rotation Down-3439
2025-02-2141.7542.29-10.6195Rotation Down-2639
2025-02-1439.9642.04-15.730Rotation Down-3562
2025-02-0739.9741.90-11.930Deceleration-3949
2025-01-3143.1941.81-5.030Deceleration-333
2025-01-2440.0541.61-11.730Deceleration-2541
2025-01-1741.7541.59-6.7636Deceleration422
2025-01-1045.0041.543.800Upward Expansion4435
2025-01-0347.1341.338.680Upward Expansion6156
2024-12-2747.8641.0911.000Upward Expansion6575
2024-12-2048.2540.8013.370Upward Expansion6572
2024-12-1349.5640.5114.82547Upward Expansion7374
2024-12-0649.8140.2417.700Upward Expansion8066
2024-11-2948.4939.9716.400Upward Expansion7861
2024-11-2246.3939.7211.81420Upward Expansion6956
2024-11-1544.1539.525.750Upward Expansion6360
2024-11-0845.2139.518.35220Upward Expansion6673
2024-11-0146.1039.5211.120Rotation Up6887
2024-10-2547.0639.5311.630Rotation Up5082
2024-10-1845.4639.486.36434Rotation Up4580
2024-10-1146.7439.449.591831Rotation Up5278
2024-10-0445.7339.397.40160Rotation Up5357
2024-09-2743.6739.351.441464Rotation Up1125
2024-09-2036.0139.40-15.750Downward Expansion-4540
2024-09-1334.7439.81-18.8299Downward Expansion-5049
2024-09-0634.5940.28-19.210Downward Expansion-6155
2024-08-3033.4840.68-25.410Downward Expansion-7466
2024-08-2334.7341.04-22.5314Downward Expansion-6665
2024-08-1635.4941.33-20.170Downward Expansion-6877
2024-08-0933.5241.56-23.820Downward Expansion-7791
2024-08-0232.7941.87-25.430Downward Expansion-9297
2024-07-2634.3642.24-25.63244Downward Expansion-9095
2024-07-1935.6342.49-23.620Downward Expansion-8790
2024-07-1237.4042.69-21.170Downward Expansion-7765
2024-07-0537.1142.83-22.520Downward Expansion-8667
2024-06-2839.4442.91-16.050Downward Expansion-6656
2024-06-2140.2542.95-14.530Downward Expansion-6471
2024-06-1438.8243.02-16.820Downward Expansion-7787
2024-06-0739.7143.14-18.380Rotation Down-7081
2024-05-3139.2343.21-20.620Rotation Down-5477
2024-05-2439.6943.34-21.570Rotation Down-5474
2024-05-1741.5243.42-18.650Rotation Down-2864
2024-05-1041.5243.39-17.900Rotation Down-2961
2024-05-0341.1243.35-17.130Rotation Down-3547
2024-04-2640.4443.32-18.09100Rotation Down-1821
2024-04-1943.6343.36-11.89213Deceleration2416
2024-04-1245.6543.25-8.760Deceleration3925
2024-04-0546.5143.18-7.630Deceleration4726
2024-03-2945.4443.07-9.220Deceleration3424
2024-03-2244.1743.14-11.140Upward Expansion3626
2024-03-1545.1643.22-7.150Upward Expansion4633
2024-03-0844.6643.25-7.5666Upward Expansion6265
2024-03-0145.2543.36-6.510Rotation Up6680
2024-02-2348.1143.51-1.010Rotation Up5077
2024-02-1648.8243.58-0.200Rotation Up6378
2024-02-0946.8543.53-2.850Balance4656
2024-02-0244.1943.65-10.630Balance820
2024-01-2643.5543.75-12.550Balance215
2024-01-1942.1843.98-12.780Balance-1015
2024-01-1242.7744.20-13.170Balance-1115
2024-01-0543.8944.46-11.910Downward Expansion-511
2023-12-2941.9844.69-16.000Downward Expansion-5236
2023-12-2241.5044.99-16.380Downward Expansion-5645
2023-12-1541.7945.25-15.000Downward Expansion-5644
2023-12-0839.3345.62-18.960Downward Expansion-7655
2023-12-0140.8046.06-15.970Downward Expansion-5437
2023-11-2442.3046.45-11.310Downward Expansion-4029
2023-11-1742.5846.77-11.1466Downward Expansion-4331
2023-11-1041.7147.11-10.950Downward Expansion-4942
2023-11-0343.0247.36-7.5917Downward Expansion-5350
2023-10-2742.2847.53-4.0117Downward Expansion-6777
2023-10-2040.4047.76-8.390Downward Expansion-7187
2023-10-1340.4947.99-11.45570Downward Expansion-7389
2023-10-0640.2948.23-11.060Downward Expansion-7790
Price vs TrendBelow-19.8%
Trend directionFalling-8.2%
Price vs current Fair ValueBelow anchor-20.5%
Fair Value directionMoving away-16.6%
Relative Strength vs benchmarkLagging-40.2%
Relative strength directionWeakening-11.5%
Price momentumNegative-24.8%
Volume balanceSupply-led0.00ร—
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

-92 / ยฑ100

-11.6 points since 2026-08-28

Energy

96 /100

+24.2 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance1
Rotation Up9
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 todayโ€™s regime

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

Balance 6%Rotation Up 8%Upward Expansion 19%Deceleration 13%Rotation Down 12%Downward Expansion 42%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-04-102026-09-25Established-25.9%
Rotation Down2026-03-272026-04-03New+2.9%
Deceleration2026-03-062026-03-20New-1.0%
Rotation Down2026-01-302026-02-27Developing+7.4%
Deceleration2026-01-162026-01-23New-1.0%
Upward Expansion2025-11-072026-01-09Developing-5.6%
Deceleration2025-10-032025-10-31Developing+16.0%
Upward Expansion2025-08-152025-09-26Developing-1.1%
Rotation Up2025-07-182025-08-08New+9.7%
Balance2025-06-202025-07-11New+18.0%
Downward Expansion2025-03-282025-06-13Developing-0.2%
Deceleration2025-03-142025-03-21New-1.8%
Rotation Down2025-02-142025-03-07New-1.1%
Deceleration2025-01-172025-02-07New-4.2%
Classic Stage Analysis comparison
Stage 1 ยท Basing47
Stage 2 ยท Advancing0
Stage 3 ยท Distribution24
Stage 4 ยท Declining100

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

Leadership versus ^ATX

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
85/100
Current Relative Strength
-40.21
Relative Strength direction
Weakening
Price momentum
-24.8%
Excess performance vs benchmark
-56.5%
Consumer Cyclical regime cohort
76th percentile46 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.87ร—

Latest completed volume relative to typical participation.

Up/down volume0.00ร—

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 4

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity EUR 35.76falling
Slow Activity EUR 40.41falling
Trend Reference EUR 42.28-19.8% close margin
Current Fair Value EUR 42.65-20.5% close margin
Structural low EUR 33.59shock / 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 +4.5%
Annualized volatility +25.1%
From structural high -43.2%
From structural low +1.0%
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 movePositive periodsDirectional follow-through Median excess vs ^ATX Regime survived Read
Near term27-0.3%-19.5% to +32.2%+44.4%+55.6%-2.2%+81.5%Usable descriptive sample
Intermediate10+0.4%-23.5% to +42.7%+50.0%+50.0%-2.8%+50.0%Usable descriptive sample
Extended6+15.7%-21.8% to +43.1%+83.3%+16.7%+21.3%+33.3%Usable descriptive sample
Full cycle4+5.5%-25.1% to +47.0%+50.0%+50.0%-1.6%+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.

Evidence context