{
  "ticker": {
    "uuid": "a741f361-b45c-4fb0-9c71-4308dd592a8a",
    "symbol": "WDNA",
    "name": "WisdomTree BioRevolution 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": "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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.772,
    "architecture_energy": 49.194,
    "architecture_maturity": 72.76,
    "architecture_confidence": 57.885,
    "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": 19.36,
        "rotation_up": 46.93,
        "upward_expansion": 69.18,
        "deceleration": 65.47,
        "rotation_down": 26.3,
        "downward_expansion": 19.18
      },
      "activity_lines": [
        19.6922,
        19.703309,
        18.919981,
        18.435677
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 20.174999,
    "trend_reference": 17.928867,
    "distance_from_trend": 0.12528,
    "trend_direction": "Improving",
    "fair_value": 15.662897,
    "distance_from_fair_value": 0.288076,
    "fair_value_direction": "Improving",
    "relative_strength": 3.594917,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.19407,
    "excess_performance": 0.023178,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.12528,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.066691,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.288076,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.184489,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.035949,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.039828,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.19407,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.975273,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2252,
      "relative_activity": 0.675901,
      "balance": 0.975273,
      "dry_up": 0.620376,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.039485,
      "annualized_volatility": 0.224936,
      "from_high_reference": -0.04745,
      "from_low_reference": 0.620742
    },
    "levels": {
      "trend_reference": 17.928867,
      "fair_value_reference": 15.662897,
      "structural_low": 16.146,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.013833,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.008923,
        "regime_survival": 0.75,
        "best_return": 0.183378,
        "worst_return": -0.076046,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.045957,
        "positive_rate": 0.75,
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        "regime_survival": 0.5,
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        "worst_return": -0.106773,
        "sufficient": false
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      {
        "horizon": "Extended",
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        "median_return": 0.086904,
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        "worst_return": -0.087309,
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        "sample_count": 1,
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        "energy": 36.616788,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 3307.55,
        "trend": 16.690267,
        "fair_value": 15.527551,
        "relative_strength": -0.38793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 29.993603,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 3670.7,
        "trend": 16.714733,
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        "relative_strength": -2.147051,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 11.450332,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 4027.7,
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 4089.55,
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        "relative_strength": 0.797432,
        "stage": 2,
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        "modifier": "Upper balance after advance",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 3141.9,
        "trend": 16.908,
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        "relative_strength": 0.443884,
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        "energy": 33.733326,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 3076.2,
        "trend": 16.984667,
        "fair_value": 15.531256,
        "relative_strength": -2.684947,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 15.541756,
        "relative_strength": -0.786854,
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        "modifier": "Early expansion",
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        "energy": 71.686464,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 2896.85,
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        "fair_value": 15.561788,
        "relative_strength": 10.985996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.771798,
        "energy": 90.231526,
        "activity_lines": [
          18.798866,
          18.153854,
          17.705343,
          17.510645
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      },
      {
        "date": "2026-07-03",
        "close": 20.969999,
        "volume": 3062,
        "typical_volume": 3020.9,
        "trend": 17.389367,
        "fair_value": 15.586378,
        "relative_strength": 11.084495,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.301366,
        "energy": 97.917033,
        "activity_lines": [
          19.652933,
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          18.041452,
          17.752058
        ]
      },
      {
        "date": "2026-07-10",
        "close": 20.190001,
        "volume": 6654,
        "typical_volume": 3342.6,
        "trend": 17.522033,
        "fair_value": 15.604135,
        "relative_strength": 7.087324,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.707404,
        "energy": 90.72318,
        "activity_lines": [
          20.033133,
          19.112909,
          18.284562,
          17.932744
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      },
      {
        "date": "2026-07-17",
        "close": 19.718,
        "volume": 2545,
        "typical_volume": 3415.9,
        "trend": 17.632033,
        "fair_value": 15.616276,
        "relative_strength": 5.761655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.248898,
        "energy": 88.36652,
        "activity_lines": [
          20.090267,
          19.3454,
          18.468176,
          18.074419
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.59,
        "volume": 1323,
        "typical_volume": 3368.05,
        "trend": 17.7343,
        "fair_value": 15.628519,
        "relative_strength": 4.979497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.408885,
        "energy": 85.238792,
        "activity_lines": [
          19.972467,
          19.507673,
          18.628886,
          18.20074
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.028,
        "volume": 2148,
        "typical_volume": 3262.6,
        "trend": 17.827167,
        "fair_value": 15.640301,
        "relative_strength": 0.998475,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.469885,
        "energy": 54.496639,
        "activity_lines": [
          19.600267,
          19.517582,
          18.724871,
          18.284204
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.174999,
        "volume": 2252,
        "typical_volume": 3331.85,
        "trend": 17.928867,
        "fair_value": 15.662897,
        "relative_strength": 3.594917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.772057,
        "energy": 49.194489,
        "activity_lines": [
          19.6922,
          19.703309,
          18.919981,
          18.435677
        ]
      }
    ],
    "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."
    }
  }
}