{
  "ticker": {
    "uuid": "bffc6ffd-2e7c-42e5-9ff4-c617fe58a29b",
    "symbol": "AIGA",
    "name": "WisdomTree Agriculture",
    "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": 88.391,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.508,
    "architecture_energy": 75.577,
    "architecture_maturity": 13.211,
    "architecture_confidence": 70.302,
    "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": 23.85,
        "rotation_up": 73.63,
        "upward_expansion": 90.81,
        "deceleration": 44.84,
        "rotation_down": 9.1,
        "downward_expansion": 17.48
      },
      "activity_lines": [
        5.7104,
        5.606418,
        5.516924,
        5.455033
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 5.695,
    "trend_reference": 5.34675,
    "distance_from_trend": 0.065133,
    "trend_direction": "Improving",
    "fair_value": 5.527965,
    "distance_from_fair_value": 0.030216,
    "fair_value_direction": "Improving",
    "relative_strength": -7.187392,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.141054,
    "excess_performance": -0.029838,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.065133,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020853,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.030216,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.048979,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.071874,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00093,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.141054,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.790583,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 305379,
      "relative_activity": 0.62604,
      "balance": 3.790583,
      "dry_up": 0.979973,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.030945,
      "annualized_volatility": 0.167724,
      "from_high_reference": -0.0406,
      "from_low_reference": 0.167726
    },
    "levels": {
      "trend_reference": 5.34675,
      "fair_value_reference": 5.527965,
      "structural_low": 4.888,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.024025,
        "positive_rate": 0.611111,
        "directional_follow_through": 0.611111,
        "median_excess_return": -0.002525,
        "regime_survival": 0.833333,
        "best_return": 0.161296,
        "worst_return": -0.096157,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.015021,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.055423,
        "regime_survival": 0.5,
        "best_return": 0.262756,
        "worst_return": -0.104257,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.131106,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.125736,
        "regime_survival": 0.333333,
        "best_return": 0.148967,
        "worst_return": -0.064731,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.086383,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.010749,
        "regime_survival": 0.0,
        "best_return": 0.299604,
        "worst_return": -0.126837,
        "sufficient": false
      }
    ],
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        "label": "Rotation Up",
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        "end": "2024-12-13",
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        "return": 0.06003,
        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-03-07",
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        "return": 0.001749,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.023994,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.0103,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2025-05-23",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": -0.044886,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "downward_expansion",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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      },
      {
        "date": "2026-07-17",
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        "volume": 437928,
        "typical_volume": 556110.25,
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        "fair_value": 5.536157,
        "relative_strength": -3.665535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.912799,
        "energy": 73.264112,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.852,
        "volume": 869885,
        "typical_volume": 582822.5,
        "trend": 5.306333,
        "fair_value": 5.533151,
        "relative_strength": -1.616406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.226944,
        "energy": 84.664209,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 5.609,
        "volume": 298911,
        "typical_volume": 507469.2,
        "trend": 5.327783,
        "fair_value": 5.530253,
        "relative_strength": -6.095142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.773738,
        "energy": 77.348227,
        "activity_lines": [
          5.697,
          5.567145,
          5.493562,
          5.431342
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.695,
        "volume": 305379,
        "typical_volume": 487794.6,
        "trend": 5.34675,
        "fair_value": 5.527965,
        "relative_strength": -7.187392,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.508052,
        "energy": 75.57726,
        "activity_lines": [
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          5.455033
        ]
      }
    ],
    "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."
    }
  }
}