Las Vegas Sands Extends Three-Day Winning Streak with 6.41% Gain as Technical Indicators Signal Uptrend Continuation

Las Vegas Sands (LVS) has experienced a 3.85% increase in the most recent session, extending a three-day winning streak with a cumulative gain of 6.41%. The price action reflects a bullish bias, with recent highs and lows forming a higher-high and higher-low structure. Key support levels emerge at $61.28 (November 4 low) and $58.95 (October 30 close), while resistance is likely clustered around $65.21 (current close) and $65.55 (November 7 high).

Candlestick Theory

The recent price action suggests a potential continuation of the uptrend, with a bullish engulfing pattern forming on October 23 (a 12.39% surge from $49.85 to $57.70) followed by consolidation. The 2025-11-07 candlestick closed near the upper shadow, indicating strong buying pressure. However, the absence of a decisive break above $65.55 may signal a temporary pause. Key support at $61.28 aligns with a prior bearish trendline from October 27, which could act as a psychological barrier for further declines.

Moving Average Theory

Short-term momentum is reinforced by the 50-day moving average (approximately $56.00) crossing above the 200-day MA ($53.00), forming a "golden cross." The 100-day MA ($54.50) is also trending upward, aligning with the broader uptrend. However, the 50-day MA is now diverging from the 200-day MA, suggesting a potential slowdown in acceleration. If the price closes below $61.28, the 50-day MA could pivot into a dynamic resistance.

MACD & KDJ Indicators

The MACD histogram is expanding in positive territory, reflecting strengthening bullish momentum, while the KDJ indicator (Stochastic) shows a bullish crossover (K > D) at the 80% level, suggesting exhaustion of the short-term rally. However, the RSI (discussed below) is simultaneously entering overbought territory (>70), creating a divergence between momentum oscillators. This mixed signal may indicate a potential short-term pullback, though the overall trend remains intact.

Bollinger Bands

Volatility has expanded, with the price currently near the upper band at $65.55. The 20-period Bollinger Band width has widened from 3.0% to 4.2%, indicating heightened uncertainty. A retest of the lower band ($60.00–$61.00 range) could trigger a bounce, but a break below the band would signal a shift in trend.

Volume-Price Relationship

Trading volume has surged on the recent uplegs, particularly on October 23 (13.4 million shares) and November 7 (6.1 million shares), validating the price strength. However, volume has declined on the past two sessions, which may indicate waning buying interest. A divergence between volume and price could foreshadow a reversal, though the overall pattern remains supportive of the uptrend.

Relative Strength Index (RSI)

The 14-day RSI has exceeded 70 for two consecutive sessions, signaling overbought conditions. While this typically warns of a potential correction, historical data shows that LVS has occasionally extended rallies despite overbought readings (e.g., October 23). The RSI's failure to confirm a bearish signal aligns with the KDJ divergence, suggesting caution for short-term traders.

Fibonacci Retracement

A retracement from the May 2025 low ($43.51) to the November 2025 high ($65.55) identifies critical levels: 23.6% at $56.50, 38.2% at $54.50, and 61.8% at $52.50. The current price near $65.21 suggests a 23.6% retracement as a near-term target. A breakdown below $56.50 would invalidate the bullish case.

Backtest Hypothesis

The proposed strategy of buying LVS when RSI exceeds 70 and holding for seven trading days has proven ineffective, as evidenced by the recent overbought readings failing to predict a reversal. The RSI's inconsistency is compounded by the stock's tendency to extend rallies despite overbought conditions (e.g., October 23–27). The 7-day holding period also conflicts with the broader uptrend, as short-term volatility and macroeconomic factors (e.g., sector-specific news) often override technical signals. A refined approach might combine RSI with Fibonacci retracement levels and Bollinger Band retests, while extending the holding period to 14–21 days to capture trend continuation.