{
  "ticker": {
    "uuid": "96c7a63c-743f-4f21-b700-4f6a611179e2",
    "symbol": "LAGR",
    "name": "WisdomTree Agriculture 2x Daily Leveraged",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 64.341,
    "architecture_energy": 78.979,
    "architecture_maturity": 14.299,
    "architecture_confidence": 66.657,
    "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": 18.99,
        "rotation_up": 75.64,
        "upward_expansion": 91.85,
        "deceleration": 44.68,
        "rotation_down": 8.31,
        "downward_expansion": 18.51
      },
      "activity_lines": [
        7.3486,
        7.0656,
        6.888405,
        6.774082
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 7.244,
    "trend_reference": 6.563133,
    "distance_from_trend": 0.103741,
    "trend_direction": "Improving",
    "fair_value": 7.298077,
    "distance_from_fair_value": -0.00741,
    "fair_value_direction": "Improving",
    "relative_strength": -3.457348,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.234282,
    "excess_performance": 0.06339,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.103741,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025308,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.00741,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.069015,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034573,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.001113,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.234282,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.805999,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5570,
      "relative_activity": 1.056154,
      "balance": 0.805999,
      "dry_up": 0.793016,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.05044,
      "annualized_volatility": 0.298568,
      "from_high_reference": -0.068296,
      "from_low_reference": 0.281897
    },
    "levels": {
      "trend_reference": 6.563133,
      "fair_value_reference": 7.298077,
      "structural_low": 5.689,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.012146,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.533333,
        "median_excess_return": -0.022914,
        "regime_survival": 0.733333,
        "best_return": 0.281808,
        "worst_return": -0.195797,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.117503,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.037565,
        "regime_survival": 0.5,
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        "worst_return": -0.261201,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.034026,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.333333,
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        "worst_return": -0.147079,
        "sufficient": false
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        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.215356,
        "sufficient": false
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 46.710101,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 18333.15,
        "trend": 6.331433,
        "fair_value": 7.552173,
        "relative_strength": -3.568657,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 18655.3,
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        "relative_strength": -3.152475,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 61.060724,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "trend": 6.3882,
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        "direction": 66.30064,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 18872.05,
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        "relative_strength": -6.179255,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "trend": 6.393267,
        "fair_value": 7.48325,
        "relative_strength": -12.730248,
        "stage": 1,
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        "energy": 16.974918,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 13852.2,
        "trend": 6.3723,
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        "relative_strength": -16.724584,
        "stage": 1,
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        "gate": "up",
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      },
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        "date": "2026-06-19",
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        "gate": "mixed",
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        "energy": 30.18202,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "trend": 6.3472,
        "fair_value": 7.404346,
        "relative_strength": -12.495624,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.690448,
        "energy": 32.002684,
        "activity_lines": [
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          6.473161
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
        "typical_volume": 9079.3,
        "trend": 6.347933,
        "fair_value": 7.383115,
        "relative_strength": -12.338302,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -16.465798,
        "energy": 29.121893,
        "activity_lines": [
          6.343933,
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      },
      {
        "date": "2026-07-10",
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        "volume": 1720,
        "typical_volume": 8930.3,
        "trend": 6.377633,
        "fair_value": 7.368173,
        "relative_strength": -2.709124,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.916155,
        "energy": 24.795465,
        "activity_lines": [
          6.642133,
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          6.538701
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      },
      {
        "date": "2026-07-17",
        "close": 7.216,
        "volume": 2409,
        "typical_volume": 8959.1,
        "trend": 6.422167,
        "fair_value": 7.346814,
        "relative_strength": -0.749,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 60.468997,
        "energy": 50.377449,
        "activity_lines": [
          6.887067,
          6.689945,
          6.6944,
          6.592789
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.583,
        "volume": 4496,
        "typical_volume": 8933.35,
        "trend": 6.475333,
        "fair_value": 7.327897,
        "relative_strength": 4.536461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.052992,
        "energy": 79.2625,
        "activity_lines": [
          7.182667,
          6.856109,
          6.781029,
          6.667682
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.409,
        "volume": 4254,
        "typical_volume": 7403.85,
        "trend": 6.528467,
        "fair_value": 7.313346,
        "relative_strength": 1.566777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.971618,
        "energy": 81.863868,
        "activity_lines": [
          7.328533,
          6.979182,
          6.84391,
          6.727918
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.244,
        "volume": 5570,
        "typical_volume": 5273.85,
        "trend": 6.563133,
        "fair_value": 7.298077,
        "relative_strength": -3.457348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.341337,
        "energy": 78.979014,
        "activity_lines": [
          7.3486,
          7.0656,
          6.888405,
          6.774082
        ]
      }
    ],
    "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."
    }
  }
}