{ "ticker": { "uuid": "3b0ba8d7-d077-4570-85cc-85e58eb0bd32", "symbol": "COPA", "name": "WisdomTree Copper", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 71.601, "architecture_energy": 59.406, "architecture_maturity": 8.879, "architecture_confidence": 83.463, "architecture_tenure": "New", "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": 21.97, "rotation_up": 59.9, "upward_expansion": 81.21, "deceleration": 54.87, "rotation_down": 18.34, "downward_expansion": 10.21 }, "activity_lines": [ 48.394666, 47.876273, 47.259881, 46.354312 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 49.215, "trend_reference": 45.318333, "distance_from_trend": 0.085984, "trend_direction": "Improving", "fair_value": 37.617596, "distance_from_fair_value": 0.308297, "fair_value_direction": "Improving", "relative_strength": 0.364059, "relative_strength_direction": "Weakening", "price_momentum": 0.136474, "excess_performance": -0.034418, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085984, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05647, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.308297, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.031319, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003641, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.017318, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.136474, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.794439, "read": "Demand-led" } ], "volume": { "latest": 224373, "relative_activity": 2.483112, "balance": 2.794439, "dry_up": 1.484698, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.031651, "annualized_volatility": 0.177174, "from_high_reference": -0.037454, "from_low_reference": 0.461253 }, "levels": { "trend_reference": 45.318333, "fair_value_reference": 37.617596, "structural_low": 39.759998, 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44.519667, "fair_value": 37.174551, "relative_strength": -1.957617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.001353, "energy": 34.394308, "activity_lines": [ 47.076334, 47.208546, 46.234643, 45.477828 ] }, { "date": "2026-07-17", "close": 47.07, "volume": 126564, "typical_volume": 90104.25, "trend": 44.722333, "fair_value": 37.280352, "relative_strength": -0.523612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.984338, "energy": 28.084324, "activity_lines": [ 47.005333, 47.191546, 46.405095, 45.642366 ] }, { "date": "2026-07-24", "close": 48.105, "volume": 136074, "typical_volume": 90833.8, "trend": 44.953333, "fair_value": 37.385865, "relative_strength": 2.117365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.998188, "energy": 38.943627, "activity_lines": [ 47.349, 47.348182, 46.661786, 45.860602 ] }, { "date": "2026-07-31", "close": 48.549999, "volume": 49616, "typical_volume": 86362.4, "trend": 45.159167, "fair_value": 37.496891, "relative_strength": 2.150978, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.233871, "energy": 45.772167, "activity_lines": [ 47.824333, 47.561182, 46.940429, 46.092645 ] }, { "date": "2026-08-07", "close": 49.215, "volume": 224373, "typical_volume": 90359.6, "trend": 45.318333, "fair_value": 37.617596, "relative_strength": 0.364059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.601008, "energy": 59.405829, "activity_lines": [ 48.394666, 47.876273, 47.259881, 46.354312 ] } ], "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." } } }