{
  "ticker": {
    "uuid": "4cd9d9be-36bb-4629-bfce-564d74026bf1",
    "symbol": "VOLT",
    "name": "WisdomTree Battery Solutions UCITS ETF - USD Acc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 60.186,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -29.902,
    "architecture_energy": 63.754,
    "architecture_maturity": 10.489,
    "architecture_confidence": 79.457,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.6,
        "rotation_up": 14.32,
        "upward_expansion": 29.28,
        "deceleration": 49.44,
        "rotation_down": 73.34,
        "downward_expansion": 58.95
      },
      "activity_lines": [
        48.3565,
        50.188682,
        53.47544,
        53.407317
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 49.982498,
    "trend_reference": 52.953833,
    "distance_from_trend": -0.056112,
    "trend_direction": "Improving",
    "fair_value": 37.037296,
    "distance_from_fair_value": 0.349518,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.403303,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.015698,
    "excess_performance": -0.035537,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.056112,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035109,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.349518,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.349978,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.064033,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.373451,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.015698,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.39108,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2307,
      "relative_activity": 0.218283,
      "balance": 0.39108,
      "dry_up": 0.520681,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.068611,
      "annualized_volatility": 0.318946,
      "from_high_reference": -0.215222,
      "from_low_reference": 0.369384
    },
    "levels": {
      "trend_reference": 52.953833,
      "fair_value_reference": 37.037296,
      "structural_low": 45.235001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.078477,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.082632,
        "regime_survival": 0.0,
        "best_return": -0.078477,
        "worst_return": -0.078477,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.074447,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.099069,
        "regime_survival": 0.0,
        "best_return": -0.074447,
        "worst_return": -0.074447,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.182992,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.14437,
        "regime_survival": 0.0,
        "best_return": -0.182992,
        "worst_return": -0.182992,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.233778,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.262394,
        "regime_survival": 0.0,
        "best_return": -0.233778,
        "worst_return": -0.233778,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-18",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.005663,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.037123,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-12-06",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.022438,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.010888,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-03-28",
        "tenure": "Established",
        "return": -0.023897,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.1601,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.075845,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": 0.341201,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.03389,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": 0.032175,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.122635,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": 0.025115,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.108303,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.050604,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 35.325001,
        "volume": 5814,
        "typical_volume": 18625.3,
        "trend": 38.746333,
        "fair_value": 42.276154,
        "relative_strength": -4.610336,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -68.70933,
        "energy": 41.627507,
        "activity_lines": [
          37.487333,
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          38.391107,
          38.421048
        ]
      },
      {
        "date": "2023-08-25",
        "close": 34.7075,
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        "typical_volume": 18649.65,
        "trend": 38.516417,
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        "relative_strength": -6.991666,
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        "modifier": "Upper balance after advance",
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        "direction": -75.85412,
        "energy": 70.561515,
        "activity_lines": [
          36.31,
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        ]
      },
      {
        "date": "2023-09-01",
        "close": 35.7425,
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        "typical_volume": 18326.9,
        "trend": 38.286083,
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        "relative_strength": -5.624895,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -62.694617,
        "energy": 73.925505,
        "activity_lines": [
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      },
      {
        "date": "2023-09-08",
        "close": 34.577499,
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        "direction": -73.748922,
        "energy": 80.939303,
        "activity_lines": [
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      },
      {
        "date": "2023-09-15",
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        "energy": 81.481957,
        "activity_lines": [
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          37.511145
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      },
      {
        "date": "2023-09-22",
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      },
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        "date": "2023-10-20",
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      },
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      },
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 32845.75,
        "trend": 49.20069,
        "fair_value": 35.582264,
        "relative_strength": 26.936909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 86.153131,
        "activity_lines": [
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      },
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        "date": "2026-05-08",
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        "energy": 92.246918,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 32797.0,
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        "fair_value": 35.870069,
        "relative_strength": 27.783094,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 32914.35,
        "trend": 50.696583,
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        "relative_strength": 29.210544,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 89.749297,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 32326.65,
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      },
      {
        "date": "2026-06-05",
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        "trend": 51.55,
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        "relative_strength": 19.559173,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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        "volume": 3972,
        "typical_volume": 30844.15,
        "trend": 51.856333,
        "fair_value": 36.43103,
        "relative_strength": 14.440265,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 30035.25,
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        "stage": 2,
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        "direction": 47.356093,
        "energy": 37.530175,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 29816.5,
        "trend": 52.555583,
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        "relative_strength": 3.779923,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.46352,
        "energy": 22.643454,
        "activity_lines": [
          56.439334,
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      },
      {
        "date": "2026-07-03",
        "close": 53.654999,
        "volume": 392,
        "typical_volume": 29010.35,
        "trend": 52.763,
        "fair_value": 36.745405,
        "relative_strength": 3.577656,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 24.024439,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 50.16,
        "volume": 5663,
        "typical_volume": 28980.6,
        "trend": 52.893917,
        "fair_value": 36.807889,
        "relative_strength": -1.845198,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -16.808132,
        "energy": 30.59019,
        "activity_lines": [
          53.112667,
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          54.702032
        ]
      },
      {
        "date": "2026-07-17",
        "close": 46.93,
        "volume": 7415,
        "typical_volume": 29146.85,
        "trend": 52.93075,
        "fair_value": 36.854396,
        "relative_strength": -9.159417,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -47.474561,
        "energy": 50.420143,
        "activity_lines": [
          50.645333,
          53.804909,
          55.220405,
          54.317263
        ]
      },
      {
        "date": "2026-07-24",
        "close": 47.575001,
        "volume": 5586,
        "typical_volume": 28740.15,
        "trend": 52.954833,
        "fair_value": 36.904556,
        "relative_strength": -9.163545,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.048015,
        "energy": 68.625627,
        "activity_lines": [
          49.067667,
          52.238273,
          54.569048,
          53.971731
        ]
      },
      {
        "date": "2026-07-31",
        "close": 47.172501,
        "volume": 6704,
        "typical_volume": 13765.95,
        "trend": 52.948583,
        "fair_value": 36.955149,
        "relative_strength": -11.197388,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.470069,
        "energy": 71.473443,
        "activity_lines": [
          48.061834,
          50.817819,
          53.883095,
          53.598678
        ]
      },
      {
        "date": "2026-08-07",
        "close": 49.982498,
        "volume": 2307,
        "typical_volume": 10568.85,
        "trend": 52.953833,
        "fair_value": 37.037296,
        "relative_strength": -6.403303,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.90186,
        "energy": 63.754389,
        "activity_lines": [
          48.3565,
          50.188682,
          53.47544,
          53.407317
        ]
      }
    ],
    "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."
    }
  }
}