{
  "ticker": {
    "uuid": "2e9ba9b3-881e-42d0-9b56-477207edb5fd",
    "symbol": "WCBR",
    "name": "WisdomTree Cybersecurity UCITS ETF USD Acc",
    "exchange": "MIL",
    "country": "IT",
    "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": "FTSEMIB.MI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.231,
    "architecture_energy": 69.512,
    "architecture_maturity": 57.113,
    "architecture_confidence": 88.386,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 7.88,
        "rotation_up": 65.63,
        "upward_expansion": 85.33,
        "deceleration": 67.05,
        "rotation_down": 21.43,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        32.543667,
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        29.316176,
        27.387157
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 33.965,
    "trend_reference": 25.2514,
    "distance_from_trend": 0.345074,
    "trend_direction": "Improving",
    "fair_value": 24.264305,
    "distance_from_fair_value": 0.399793,
    "fair_value_direction": "Improving",
    "relative_strength": 14.64853,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.660474,
    "excess_performance": 0.489582,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.345074,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.088763,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.399793,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.362809,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.146485,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.290009,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.660474,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.638073,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 115838,
      "relative_activity": 1.511684,
      "balance": 8.638073,
      "dry_up": 1.00082,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.064048,
      "annualized_volatility": 0.455147,
      "from_high_reference": -0.031508,
      "from_low_reference": 0.79671
    },
    "levels": {
      "trend_reference": 25.2514,
      "fair_value_reference": 24.264305,
      "structural_low": 18.903999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.003274,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.021911,
        "regime_survival": 0.736842,
        "best_return": 0.172799,
        "worst_return": -0.096821,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.085294,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.026848,
        "regime_survival": 0.428571,
        "best_return": 0.195597,
        "worst_return": -0.165997,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.011159,
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        "directional_follow_through": 0.25,
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        "regime_survival": 0.25,
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        "worst_return": -0.296572,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.250032,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "worst_return": 0.159828,
        "sufficient": false
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        "label": "Downward Expansion",
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        "end": "2024-07-05",
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      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
        "label": "Deceleration",
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        "return": -0.006951,
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        "active": false
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        "close": 21.66,
        "volume": 75157,
        "typical_volume": 76904.5,
        "trend": 23.416887,
        "fair_value": 23.189305,
        "relative_strength": -21.76576,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.139793,
        "energy": 31.117145,
        "activity_lines": [
          21.141867,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 82152.8,
        "trend": 23.315887,
        "fair_value": 23.240485,
        "relative_strength": -14.352396,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 86322.1,
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        "fair_value": 23.294286,
        "relative_strength": -9.19611,
        "stage": 1,
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        "gate": "mixed",
        "direction": 35.400017,
        "energy": 34.1432,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 145833,
        "typical_volume": 92474.65,
        "trend": 23.1429,
        "fair_value": 23.355632,
        "relative_strength": -1.486691,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 48.72195,
        "energy": 65.967015,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 92182.45,
        "trend": 23.192733,
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        "relative_strength": 0.216415,
        "stage": 3,
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-06-05",
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        "volume": 16505,
        "typical_volume": 86917.9,
        "trend": 23.285567,
        "fair_value": 23.495414,
        "relative_strength": 2.954581,
        "stage": 3,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-06-12",
        "close": 27.719999,
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        "typical_volume": 82816.25,
        "trend": 23.337567,
        "fair_value": 23.558081,
        "relative_strength": -3.838334,
        "stage": 3,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 6728,
        "typical_volume": 75647.05,
        "trend": 23.572567,
        "fair_value": 23.694985,
        "relative_strength": 0.75653,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.361191,
        "energy": 78.831698,
        "activity_lines": [
          28.127,
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          25.110119,
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      },
      {
        "date": "2026-07-03",
        "close": 31.975,
        "volume": 16371,
        "typical_volume": 71802.05,
        "trend": 23.807733,
        "fair_value": 23.790081,
        "relative_strength": 9.448359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.157009,
        "energy": 75.296512,
        "activity_lines": [
          29.392333,
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      },
      {
        "date": "2026-07-10",
        "close": 32.509998,
        "volume": 62806,
        "typical_volume": 73244.0,
        "trend": 24.076067,
        "fair_value": 23.886876,
        "relative_strength": 11.784571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.329073,
        "energy": 91.403792,
        "activity_lines": [
          30.589999,
          29.364272,
          26.68879,
          25.32926
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      },
      {
        "date": "2026-07-17",
        "close": 33.32,
        "volume": 74749,
        "typical_volume": 73444.55,
        "trend": 24.385067,
        "fair_value": 23.98735,
        "relative_strength": 16.217343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.128468,
        "energy": 93.092942,
        "activity_lines": [
          31.815333,
          30.287636,
          27.5064,
          25.925643
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.26,
        "volume": 68200,
        "typical_volume": 72701.1,
        "trend": 24.6304,
        "fair_value": 24.072132,
        "relative_strength": 9.387452,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.631444,
        "energy": 84.523428,
        "activity_lines": [
          31.980666,
          30.668818,
          28.064286,
          26.369187
        ]
      },
      {
        "date": "2026-07-31",
        "close": 31.35,
        "volume": 47978,
        "typical_volume": 71869.95,
        "trend": 24.906067,
        "fair_value": 24.158747,
        "relative_strength": 9.102147,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.872173,
        "energy": 70.775167,
        "activity_lines": [
          31.916333,
          30.958636,
          28.586243,
          26.80271
        ]
      },
      {
        "date": "2026-08-07",
        "close": 33.965,
        "volume": 115838,
        "typical_volume": 76628.45,
        "trend": 25.2514,
        "fair_value": 24.264305,
        "relative_strength": 14.64853,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.231209,
        "energy": 69.512164,
        "activity_lines": [
          32.543667,
          31.655727,
          29.316176,
          27.387157
        ]
      }
    ],
    "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."
    }
  }
}