{ "ticker": { "uuid": "c123b34a-0838-4748-9aec-3de1d0c86596", "symbol": "WCOA", "name": "WisdomTree Enhanced Commodity 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": 82.617, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 42.072, "architecture_energy": 37.992, "architecture_maturity": 27.655, "architecture_confidence": 55.696, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 39.89, "rotation_up": 64.97, "upward_expansion": 68.35, "deceleration": 60.49, "rotation_down": 9.93, "downward_expansion": 11.69 }, "activity_lines": [ 18.691867, 18.4132, 18.515857, 18.347535 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 18.624001, "trend_reference": 17.844333, "distance_from_trend": 0.043693, "trend_direction": "Improving", "fair_value": 14.518156, "distance_from_fair_value": 0.282808, "fair_value_direction": "Weakening", "relative_strength": -1.386022, "relative_strength_direction": "Weakening", "price_momentum": 0.195993, "excess_performance": 0.025101, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043693, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.079987, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.282808, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.065053, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01386, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.128021, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.195993, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.398963, "read": "Demand-led" } ], "volume": { "latest": 60220, "relative_activity": 1.564042, "balance": 3.398963, "dry_up": 1.545108, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.030077, "annualized_volatility": 0.211847, "from_high_reference": -0.069962, "from_low_reference": 0.417352 }, "levels": { "trend_reference": 17.844333, "fair_value_reference": 14.518156, "structural_low": 15.334, "invalidation": "A 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"2026-07-17", "close": 18.646, "volume": 98021, "typical_volume": 38187.9, "trend": 17.425533, "fair_value": 14.416823, "relative_strength": 2.744478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.945912, "energy": 19.705041, "activity_lines": [ 18.0524, 18.198582, 18.433638, 18.110946 ] }, { "date": "2026-07-24", "close": 19.156, "volume": 42925, "typical_volume": 37132.85, "trend": 17.583533, "fair_value": 14.452438, "relative_strength": 5.463999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.354259, "energy": 28.080884, "activity_lines": [ 18.4612, 18.326073, 18.500971, 18.222589 ] }, { "date": "2026-07-31", "close": 18.622, "volume": 36798, "typical_volume": 36861.75, "trend": 17.7258, "fair_value": 14.485413, "relative_strength": 1.672318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.009884, "energy": 32.101449, "activity_lines": [ 18.614933, 18.3628, 18.508428, 18.289587 ] }, { "date": "2026-08-07", "close": 18.624001, "volume": 60220, "typical_volume": 38502.8, "trend": 17.844333, "fair_value": 14.518156, "relative_strength": -1.386022, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.0718, "energy": 37.992188, "activity_lines": [ 18.691867, 18.4132, 18.515857, 18.347535 ] } ], "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." } } }