{
  "ticker": {
    "uuid": "2c97cd0f-5b7c-4a77-ba3d-193c204c22dd",
    "symbol": "DNL",
    "name": "WISDOMTREE GLOBAL EX-U.S. QUALITY GROWTH FUND",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 84.972,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 68.633,
    "architecture_energy": 34.693,
    "architecture_maturity": 35.651,
    "architecture_confidence": 75.969,
    "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": 32.72,
        "rotation_up": 41.15,
        "upward_expansion": 70.4,
        "deceleration": 89.39,
        "rotation_down": 26.66,
        "downward_expansion": 8.4
      },
      "activity_lines": [
        45.440333,
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        44.984837,
        44.320926
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 46.799,
    "trend_reference": 43.681956,
    "distance_from_trend": 0.071358,
    "trend_direction": "Improving",
    "fair_value": 38.239223,
    "distance_from_fair_value": 0.223848,
    "fair_value_direction": "Improving",
    "relative_strength": -1.284694,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.092199,
    "excess_performance": -0.033426,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071358,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034426,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.223848,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.016393,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.012847,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004336,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092199,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.32928,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 93961,
      "relative_activity": 0.777964,
      "balance": 1.32928,
      "dry_up": 0.9382,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.03346,
      "annualized_volatility": 0.196663,
      "from_high_reference": -0.00226,
      "from_low_reference": 0.232087
    },
    "levels": {
      "trend_reference": 43.681956,
      "fair_value_reference": 38.239223,
      "structural_low": 38.87,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.015737,
        "positive_rate": 0.727273,
        "directional_follow_through": 0.727273,
        "median_excess_return": -0.00198,
        "regime_survival": 0.454545,
        "best_return": 0.130745,
        "worst_return": -0.016136,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.031264,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.034073,
        "regime_survival": 0.166667,
        "best_return": 0.179316,
        "worst_return": -0.00774,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.031515,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.08175,
        "regime_survival": 0.0,
        "best_return": 0.109569,
        "worst_return": -0.063783,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.02158,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.124603,
        "regime_survival": 0.0,
        "best_return": 0.174186,
        "worst_return": -0.310348,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.048072,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-11-15",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.022496,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.048729,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.138182,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.029176,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-08",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.03061,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.024779,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.003308,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.00625,
        "active": false
      },
      {
        "regime": "deceleration",
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        "active": true
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        "typical_volume": 173409.5,
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        "relative_strength": 0.390111,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 23.979919,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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      },
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        "relative_strength": -2.169487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 37.311015,
        "relative_strength": -1.71833,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 182285.85,
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        "modifier": "Re-accelerating",
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        "direction": 57.522827,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 179020.6,
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        "fair_value": 37.440454,
        "relative_strength": -4.40066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.801595,
        "energy": 47.047301,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 158126.9,
        "trend": 42.228209,
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        "relative_strength": -3.997972,
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      },
      {
        "date": "2026-06-05",
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        "volume": 110032,
        "typical_volume": 144694.75,
        "trend": 42.353235,
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        "relative_strength": -3.423406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 32.822652,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -0.177212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 67.780699,
        "energy": 44.211658,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 37.736035,
        "relative_strength": 0.722349,
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      },
      {
        "date": "2026-06-26",
        "close": 45.24,
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        "trend": 42.919916,
        "fair_value": 37.807551,
        "relative_strength": 0.685114,
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        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 58.778379,
        "energy": 54.479557,
        "activity_lines": [
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          43.958755,
          43.517165
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      },
      {
        "date": "2026-07-03",
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        "volume": 94012,
        "typical_volume": 132932.8,
        "trend": 43.078934,
        "fair_value": 37.886809,
        "relative_strength": -0.512474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 60.742574,
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      },
      {
        "date": "2026-07-10",
        "close": 45.82,
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        "typical_volume": 132807.75,
        "trend": 43.243644,
        "fair_value": 37.957285,
        "relative_strength": -1.303746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 59.738645,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 44.75,
        "volume": 101618,
        "typical_volume": 132251.0,
        "trend": 43.373066,
        "fair_value": 38.023647,
        "relative_strength": -1.994569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.621117,
        "energy": 36.366224,
        "activity_lines": [
          45.385086,
          45.271494,
          44.528962,
          43.965392
        ]
      },
      {
        "date": "2026-07-24",
        "close": 44.15,
        "volume": 173752,
        "typical_volume": 125014.75,
        "trend": 43.462226,
        "fair_value": 38.083784,
        "relative_strength": -2.624271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.561083,
        "energy": 24.611707,
        "activity_lines": [
          44.912667,
          45.122333,
          44.586765,
          44.015516
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.96,
        "volume": 83925,
        "typical_volume": 122099.25,
        "trend": 43.56293,
        "fair_value": 38.155457,
        "relative_strength": -1.867704,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.536541,
        "energy": 19.664159,
        "activity_lines": [
          44.860667,
          45.105496,
          44.708421,
          44.112147
        ]
      },
      {
        "date": "2026-08-07",
        "close": 46.799,
        "volume": 93961,
        "typical_volume": 120778.1,
        "trend": 43.681956,
        "fair_value": 38.239223,
        "relative_strength": -1.284694,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 68.632962,
        "energy": 34.693024,
        "activity_lines": [
          45.440333,
          45.407837,
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          44.320926
        ]
      }
    ],
    "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."
    }
  }
}