{
  "ticker": {
    "uuid": "14231304-78a5-4d5d-a65b-cdeb14d1eab1",
    "symbol": "DGRE",
    "name": "WISDOMTREE EMERGING MARKETS QUALITY DIVIDEND GROWTH FUND",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.017,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 35.046,
    "architecture_energy": 20.066,
    "architecture_maturity": 53.824,
    "architecture_confidence": 86.641,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 53.07,
        "rotation_up": 24.34,
        "upward_expansion": 53.64,
        "deceleration": 90.61,
        "rotation_down": 29.91,
        "downward_expansion": 17.3
      },
      "activity_lines": [
        38.637087,
        39.013603,
        38.910002,
        38.011691
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 39.57,
    "trend_reference": 36.798228,
    "distance_from_trend": 0.075324,
    "trend_direction": "Improving",
    "fair_value": 27.623254,
    "distance_from_fair_value": 0.432489,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.322183,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.144998,
    "excess_performance": -0.042456,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075324,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.08548,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.432489,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.093198,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033222,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.054722,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.144998,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.946409,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 36149,
      "relative_activity": 0.57445,
      "balance": 0.946409,
      "dry_up": 0.685596,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.059982,
      "annualized_volatility": 0.281412,
      "from_high_reference": -0.080206,
      "from_low_reference": 0.464474
    },
    "levels": {
      "trend_reference": 36.798228,
      "fair_value_reference": 27.623254,
      "structural_low": 31.32,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.000343,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.020612,
        "regime_survival": 0.25,
        "best_return": 0.158976,
        "worst_return": -0.034857,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.005451,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.041941,
        "regime_survival": 0.0,
        "best_return": 0.232736,
        "worst_return": -0.062847,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.064088,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.069531,
        "regime_survival": 0.25,
        "best_return": 0.131211,
        "worst_return": 0.021027,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.081245,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.218906,
        "regime_survival": 0.0,
        "best_return": 0.154997,
        "worst_return": 0.007492,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.040476,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.007073,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.012891,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.043467,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.039863,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.013529,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-20",
        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.008581,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.004273,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-16",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.010526,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Extended",
        "return": 0.2276,
        "active": false
      },
      {
        "regime": "deceleration",
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        "return": 0.157396,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "active": true
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        "activity_lines": [
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      },
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        "date": "2026-04-24",
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 135508.0,
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      },
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        "date": "2026-06-05",
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        "relative_strength": 3.880377,
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      },
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        "date": "2026-06-12",
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        "typical_volume": 68935.95,
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        "fair_value": 26.733096,
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 63231.1,
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        "fair_value": 26.982804,
        "relative_strength": 7.96489,
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        "energy": 49.165423,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 39.4426,
        "volume": 124242,
        "typical_volume": 66153.15,
        "trend": 35.569317,
        "fair_value": 27.097133,
        "relative_strength": 5.665351,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 47.454332,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 69092.45,
        "trend": 35.88549,
        "fair_value": 27.207838,
        "relative_strength": 4.191712,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.090288,
        "energy": 42.825942,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 37.6864,
        "volume": 76907,
        "typical_volume": 69874.15,
        "trend": 36.122307,
        "fair_value": 27.306405,
        "relative_strength": 3.074921,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.978981,
        "energy": 23.047477,
        "activity_lines": [
          39.151267,
          39.422634,
          38.610867,
          37.579981
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.9499,
        "volume": 28925,
        "typical_volume": 66200.55,
        "trend": 36.34871,
        "fair_value": 27.40453,
        "relative_strength": 5.214408,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.10953,
        "energy": 19.432406,
        "activity_lines": [
          38.552147,
          39.168395,
          38.67396,
          37.69789
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.2022,
        "volume": 30592,
        "typical_volume": 63961.7,
        "trend": 36.559571,
        "fair_value": 27.508534,
        "relative_strength": 5.080637,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.492818,
        "energy": 18.4445,
        "activity_lines": [
          38.310827,
          38.961121,
          38.739794,
          37.81747
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.57,
        "volume": 36149,
        "typical_volume": 62928.05,
        "trend": 36.798228,
        "fair_value": 27.623254,
        "relative_strength": 3.322183,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.045702,
        "energy": 20.066014,
        "activity_lines": [
          38.637087,
          39.013603,
          38.910002,
          38.011691
        ]
      }
    ],
    "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."
    }
  }
}