{
  "ticker": {
    "uuid": "5fd38b55-6451-40d0-8b60-06874e5185b8",
    "symbol": "WCLD",
    "name": "WisdomTree Cloud Computing 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.983,
    "architecture_energy": 87.51,
    "architecture_maturity": 26.0,
    "architecture_confidence": 77.105,
    "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": 13.58,
        "rotation_up": 80.9,
        "upward_expansion": 95.09,
        "deceleration": 42.49,
        "rotation_down": 10.62,
        "downward_expansion": 19.43
      },
      "activity_lines": [
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        26.402753
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 33.035,
    "trend_reference": 25.4465,
    "distance_from_trend": 0.298214,
    "trend_direction": "Weakening",
    "fair_value": 29.350869,
    "distance_from_fair_value": 0.12552,
    "fair_value_direction": "Improving",
    "relative_strength": 3.474208,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.445417,
    "excess_performance": 0.274525,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.298214,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012183,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.12552,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.294562,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.034742,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.270742,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.445417,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.664013,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 152808,
      "relative_activity": 1.553412,
      "balance": 4.664013,
      "dry_up": 1.339926,
      "accumulation_observations": 5,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.063802,
      "annualized_volatility": 0.445206,
      "from_high_reference": -0.060988,
      "from_low_reference": 0.648042
    },
    "levels": {
      "trend_reference": 25.4465,
      "fair_value_reference": 29.350869,
      "structural_low": 20.045,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.01261,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.001911,
        "regime_survival": 0.6875,
        "best_return": 0.104068,
        "worst_return": -0.214434,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "close": 22.6,
        "volume": 47320,
        "typical_volume": 142901.8,
        "trend": 26.49802,
        "fair_value": 29.404299,
        "relative_strength": -28.387237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.390039,
        "energy": 46.883844,
        "activity_lines": [
          22.281333,
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          23.507809,
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      },
      {
        "date": "2026-05-08",
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        "volume": 164289,
        "typical_volume": 148319.95,
        "trend": 26.339353,
        "fair_value": 29.405805,
        "relative_strength": -23.600029,
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        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -39.368024,
        "energy": 26.48913,
        "activity_lines": [
          22.999333,
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 61209,
        "typical_volume": 150913.85,
        "trend": 26.188186,
        "fair_value": 29.395036,
        "relative_strength": -23.787071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.93487,
        "energy": 18.185868,
        "activity_lines": [
          23.543,
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      },
      {
        "date": "2026-05-22",
        "close": 25.459999,
        "volume": 240455,
        "typical_volume": 161477.55,
        "trend": 25.864166,
        "fair_value": 29.384619,
        "relative_strength": -19.394506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.989656,
        "energy": 15.749386,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 109206,
        "typical_volume": 165266.2,
        "trend": 25.760333,
        "fair_value": 29.378305,
        "relative_strength": -14.30799,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 15.167216,
        "energy": 27.433955,
        "activity_lines": [
          25.423,
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          24.554258
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      },
      {
        "date": "2026-06-05",
        "close": 27.405001,
        "volume": 94005,
        "typical_volume": 165921.05,
        "trend": 25.703333,
        "fair_value": 29.371029,
        "relative_strength": -12.686943,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.311249,
        "energy": 50.433485,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 26.02,
        "volume": 18778,
        "typical_volume": 159010.45,
        "trend": 25.579,
        "fair_value": 29.350837,
        "relative_strength": -19.06016,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 22.768347,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 144545.8,
        "trend": 25.489833,
        "fair_value": 29.335741,
        "relative_strength": -22.597424,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.552334,
        "energy": 46.017724,
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      },
      {
        "date": "2026-06-26",
        "close": 26.055,
        "volume": 34958,
        "typical_volume": 124290.1,
        "trend": 25.398333,
        "fair_value": 29.318978,
        "relative_strength": -17.234463,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.380631,
        "energy": 25.36176,
        "activity_lines": [
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          24.700226
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      },
      {
        "date": "2026-07-03",
        "close": 28.549999,
        "volume": 12199,
        "typical_volume": 114792.9,
        "trend": 25.355333,
        "fair_value": 29.321991,
        "relative_strength": -11.323709,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 47.318886,
        "energy": 36.149169,
        "activity_lines": [
          26.824,
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          24.903559
        ]
      },
      {
        "date": "2026-07-10",
        "close": 29.190001,
        "volume": 99089,
        "typical_volume": 109913.8,
        "trend": 25.333,
        "fair_value": 29.321767,
        "relative_strength": -8.459095,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.520386,
        "energy": 57.412228,
        "activity_lines": [
          27.664334,
          27.004637,
          25.555595,
          25.150957
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      },
      {
        "date": "2026-07-17",
        "close": 29.709999,
        "volume": 153713,
        "typical_volume": 101240.4,
        "trend": 25.332,
        "fair_value": 29.324074,
        "relative_strength": -4.972979,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.216705,
        "energy": 81.915565,
        "activity_lines": [
          28.559,
          27.612545,
          26.036643,
          25.433344
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.035,
        "volume": 128348,
        "typical_volume": 100323.7,
        "trend": 25.2825,
        "fair_value": 29.313626,
        "relative_strength": -9.589123,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.754599,
        "energy": 76.110709,
        "activity_lines": [
          28.649333,
          27.82,
          26.323571,
          25.607731
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.895,
        "volume": 92361,
        "typical_volume": 96091.75,
        "trend": 25.324667,
        "fair_value": 29.317792,
        "relative_strength": -3.799864,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.143794,
        "energy": 77.563922,
        "activity_lines": [
          29.178333,
          28.293545,
          26.773,
          25.905312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 33.035,
        "volume": 152808,
        "typical_volume": 98369.25,
        "trend": 25.4465,
        "fair_value": 29.350869,
        "relative_strength": 3.474208,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.982608,
        "energy": 87.509796,
        "activity_lines": [
          30.498,
          29.257364,
          27.494262,
          26.402753
        ]
      }
    ],
    "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."
    }
  }
}