{
  "ticker": {
    "uuid": "bdebd0d1-d488-4f57-8e1c-0d6eaf4d1e73",
    "symbol": "WTNR",
    "name": "WisdomTree New Economy Real Estate 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 48.81,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 5.269,
    "architecture_energy": 15.631,
    "architecture_maturity": 38.708,
    "architecture_confidence": 83.093,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 56.93,
        "rotation_up": 16.6,
        "upward_expansion": 41.16,
        "deceleration": 83.84,
        "rotation_down": 40.15,
        "downward_expansion": 35.16
      },
      "activity_lines": [
        2327.483333,
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        2356.276344
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 2332.25,
    "trend_reference": 2312.958333,
    "distance_from_trend": 0.008341,
    "trend_direction": "Improving",
    "fair_value": 1850.351923,
    "distance_from_fair_value": 0.260436,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.659994,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.09175,
    "excess_performance": 0.040514,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.008341,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046603,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.260436,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.078854,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.0266,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.126443,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.09175,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.061152,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8404,
      "relative_activity": 0.769174,
      "balance": 3.061152,
      "dry_up": 0.87468,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.052359,
      "annualized_volatility": 0.187186,
      "from_high_reference": -0.103842,
      "from_low_reference": 0.319146
    },
    "levels": {
      "trend_reference": 2312.958333,
      "fair_value_reference": 1850.351923,
      "structural_low": 2036.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.016096,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.015057,
        "regime_survival": 0.6,
        "best_return": 0.064779,
        "worst_return": -0.024078,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.030026,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.070452,
        "regime_survival": 0.0,
        "best_return": 0.069624,
        "worst_return": -0.009572,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.128896,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.056752,
        "regime_survival": 0.0,
        "best_return": 0.19713,
        "worst_return": 0.060663,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.049933,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.08906,
        "regime_survival": 0.0,
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        "worst_return": 0.049933,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-19",
        "end": "2024-07-26",
        "tenure": "Established",
        "return": 0.071978,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-01-17",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": -0.052754,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": -0.013748,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.039716,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": 0.030182,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "date": "2026-04-10",
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      },
      {
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      {
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "trend": 2288.466667,
        "fair_value": 1835.920192,
        "relative_strength": -1.473528,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 18.932455,
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          2348.874731
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      },
      {
        "date": "2026-07-24",
        "close": 2369.75,
        "volume": 10599,
        "typical_volume": 10562.35,
        "trend": 2298.891667,
        "fair_value": 1840.801923,
        "relative_strength": 0.69788,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.296426,
        "energy": 21.905322,
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      },
      {
        "date": "2026-07-31",
        "close": 2307.25,
        "volume": 8657,
        "typical_volume": 10700.0,
        "trend": 2307.166667,
        "fair_value": 1845.438141,
        "relative_strength": -3.270797,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.219184,
        "energy": 16.219274,
        "activity_lines": [
          2328.116667,
          2373.327273,
          2389.265476,
          2354.658065
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      },
      {
        "date": "2026-08-07",
        "close": 2332.25,
        "volume": 8404,
        "typical_volume": 10926.0,
        "trend": 2312.958333,
        "fair_value": 1850.351923,
        "relative_strength": -2.659994,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.268905,
        "energy": 15.631261,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}