{ "ticker": { "uuid": "2943ca4f-8115-4738-a031-cd25575a8b89", "symbol": "WDI", "name": "Western Asset Diversified Income Fund", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 59.865, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -22.052, "architecture_energy": 23.044, "architecture_maturity": 25.075, "architecture_confidence": 68.637, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.93, "rotation_up": 24.97, "upward_expansion": 14.61, "deceleration": 46.02, "rotation_down": 50.09, "downward_expansion": 46.94 }, "activity_lines": [ 13.180225, 13.25608, 13.30267, 13.295697 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 13.12, "trend_reference": 13.298714, "distance_from_trend": -0.013438, "trend_direction": "Weakening", "fair_value": 12.191971, "distance_from_fair_value": 0.076118, "fair_value_direction": "Weakening", "relative_strength": -12.690768, "relative_strength_direction": "Weakening", "price_momentum": -0.026158, "excess_performance": -0.151783, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.013438, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.000797, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.076118, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.06598, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.126908, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.028777, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.026158, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.037875, "read": "Demand-led" } ], "volume": { "latest": 1250793, "relative_activity": 1.380579, "balance": 1.037875, "dry_up": 1.118666, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.028794, "annualized_volatility": 0.137519, "from_high_reference": -0.059164, "from_low_reference": 0.038616 }, "levels": { "trend_reference": 13.298714, "fair_value_reference": 12.191971, "structural_low": 12.632197, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.024125, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.017253, "regime_survival": 0.444444, "best_return": 0.127538, "worst_return": -0.055857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.070474, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.003895, "regime_survival": 0.0, "best_return": 0.116054, "worst_return": -0.041913, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.123472, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.014057, "regime_survival": 0.0, "best_return": 0.157156, "worst_return": 0.062755, 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"fair_value": 12.12762, "relative_strength": -8.227302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.967073, "energy": 29.983462, "activity_lines": [ 13.442563, 13.37, 13.350149, 13.332382 ] }, { "date": "2026-07-24", "close": 13.12, "volume": 946043, "typical_volume": 896509.75, "trend": 13.30149, "fair_value": 12.149702, "relative_strength": -9.428798, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.43526, "energy": 11.349433, "activity_lines": [ 13.346437, 13.331868, 13.334834, 13.320366 ] }, { "date": "2026-07-31", "close": 13.1, "volume": 1048163, "typical_volume": 890110.25, "trend": 13.300886, "fair_value": 12.171021, "relative_strength": -10.164888, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.141298, "energy": 12.482519, "activity_lines": [ 13.25236, 13.290411, 13.318166, 13.307367 ] }, { "date": "2026-08-07", "close": 13.12, "volume": 1250793, "typical_volume": 905991.6, "trend": 13.298714, "fair_value": 12.191971, "relative_strength": -12.690768, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.051739, "energy": 23.044135, "activity_lines": [ 13.180225, 13.25608, 13.30267, 13.295697 ] } ], "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." } } }