{
  "ticker": {
    "uuid": "0ed509b4-c50b-4fc4-b764-1bc9336c5c34",
    "symbol": "DLS",
    "name": "WISDOMTREE TRUST INTL SMALLCAP DIVIDEND FD SBI USD0.001",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "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": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 55.486,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 68.106,
    "architecture_energy": 54.879,
    "architecture_maturity": 17.049,
    "architecture_confidence": 75.94,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 37.67,
        "rotation_up": 60.22,
        "upward_expansion": 81.73,
        "deceleration": 49.01,
        "rotation_down": 15.24,
        "downward_expansion": 13.06
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 88.24,
    "trend_reference": 85.000814,
    "distance_from_trend": 0.038108,
    "trend_direction": "Improving",
    "fair_value": 68.121913,
    "distance_from_fair_value": 0.295325,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.293322,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.023751,
    "excess_performance": -0.101874,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.038108,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024218,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.295325,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031914,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.042933,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022789,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.023751,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.231072,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.596185,
      "balance": 1.231072,
      "dry_up": 0.68268,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.025086,
      "annualized_volatility": 0.17584,
      "from_high_reference": -0.010614,
      "from_low_reference": 0.181017
    },
    "levels": {
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      "fair_value_reference": 68.121913,
      "structural_low": 78.92,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
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        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.024943,
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        "worst_return": -0.064363,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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      },
      {
        "horizon": "Extended",
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "typical_volume": 184866.65,
        "trend": 81.415037,
        "fair_value": 64.944563,
        "relative_strength": 2.714111,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 28.830799,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 65.321656,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "trend": 82.188773,
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        "relative_strength": -2.014374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 50.488812,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 185932.3,
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        "relative_strength": -4.387244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 29.543038,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "fair_value": 65.936921,
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        "modifier": "Re-accelerating",
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        "direction": 46.353568,
        "energy": 26.57128,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 86.624059,
        "volume": 64892,
        "typical_volume": 179295.2,
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        "relative_strength": -4.629921,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 53.279222,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 177204.5,
        "trend": 83.224711,
        "fair_value": 66.340873,
        "relative_strength": -5.528805,
        "stage": 3,
        "regime": "upward_expansion",
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        "direction": 26.518519,
        "energy": 13.924186,
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      },
      {
        "date": "2026-06-12",
        "close": 85.491707,
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        "typical_volume": 173272.95,
        "trend": 83.502546,
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        "relative_strength": -3.839683,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 34.803409,
        "energy": 16.857621,
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 66.744988,
        "relative_strength": -5.422054,
        "stage": 3,
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        "direction": 31.010081,
        "energy": 13.414873,
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      },
      {
        "date": "2026-06-26",
        "close": 83.6563,
        "volume": 106414,
        "typical_volume": 166115.55,
        "trend": 83.959388,
        "fair_value": 66.93727,
        "relative_strength": -4.31996,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.427548,
        "energy": 12.641799,
        "activity_lines": [
          84.511027,
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          84.635797
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      },
      {
        "date": "2026-07-03",
        "close": 85.11,
        "volume": 110985,
        "typical_volume": 165286.55,
        "trend": 84.168249,
        "fair_value": 67.139334,
        "relative_strength": -4.638984,
        "stage": 3,
        "regime": "balance",
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        "gate": "up",
        "direction": 29.233576,
        "energy": 13.462474,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 84.86,
        "volume": 75251,
        "typical_volume": 163636.3,
        "trend": 84.359887,
        "fair_value": 67.327704,
        "relative_strength": -6.078771,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.910837,
        "energy": 12.287218,
        "activity_lines": [
          84.717889,
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          84.75466
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      },
      {
        "date": "2026-07-17",
        "close": 84.5205,
        "volume": 79378,
        "typical_volume": 158253.9,
        "trend": 84.523501,
        "fair_value": 67.514968,
        "relative_strength": -4.90082,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.928275,
        "energy": 8.490284,
        "activity_lines": [
          84.631264,
          84.753815,
          84.778393,
          84.765022
        ]
      },
      {
        "date": "2026-07-24",
        "close": 84.802,
        "volume": 61243,
        "typical_volume": 138200.9,
        "trend": 84.660763,
        "fair_value": 67.702099,
        "relative_strength": -3.936348,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.390374,
        "energy": 7.120064,
        "activity_lines": [
          84.70322,
          84.736267,
          84.8285,
          84.782989
        ]
      },
      {
        "date": "2026-07-31",
        "close": 86.169,
        "volume": 119586,
        "typical_volume": 125033.35,
        "trend": 84.825628,
        "fair_value": 67.904472,
        "relative_strength": -3.367377,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.9239,
        "energy": 20.744844,
        "activity_lines": [
          85.229633,
          84.971225,
          85.007318,
          84.880295
        ]
      },
      {
        "date": "2026-08-07",
        "close": 88.24,
        "volume": 72677,
        "typical_volume": 121903.4,
        "trend": 85.000814,
        "fair_value": 68.121913,
        "relative_strength": -4.293322,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 68.1064,
        "energy": 54.879449,
        "activity_lines": [
          86.278867,
          85.567733,
          85.358908,
          85.100577
        ]
      }
    ],
    "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."
    }
  }
}