{
  "ticker": {
    "uuid": "c69e4e6b-1444-407d-b478-d7fce79ad27f",
    "symbol": "VOLT",
    "name": "WisdomTree Battery Solutions 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 60.144,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -30.24,
    "architecture_energy": 66.147,
    "architecture_maturity": 10.065,
    "architecture_confidence": 81.751,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.29,
        "rotation_up": 14.15,
        "upward_expansion": 30.19,
        "deceleration": 49.17,
        "rotation_down": 74.08,
        "downward_expansion": 59.86
      },
      "activity_lines": [
        42.189,
        43.862091,
        46.452381,
        46.262763
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 43.349998,
    "trend_reference": 45.670666,
    "distance_from_trend": -0.050813,
    "trend_direction": "Improving",
    "fair_value": 33.103434,
    "distance_from_fair_value": 0.309532,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.415311,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.041066,
    "excess_performance": -0.129825,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.050813,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041603,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.309532,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.301584,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124153,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.332879,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.041066,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.364627,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3833,
      "relative_activity": 0.333407,
      "balance": 0.364627,
      "dry_up": 0.579657,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.062364,
      "annualized_volatility": 0.279953,
      "from_high_reference": -0.206044,
      "from_low_reference": 0.380573
    },
    "levels": {
      "trend_reference": 45.670666,
      "fair_value_reference": 33.103434,
      "structural_low": 39.669998,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.023955,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.018899,
        "regime_survival": 0.0,
        "best_return": 0.084504,
        "worst_return": -0.036594,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.066842,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.046464,
        "regime_survival": 0.0,
        "best_return": 0.193699,
        "worst_return": -0.060015,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.333991,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.31783,
        "regime_survival": 0.0,
        "best_return": 0.718604,
        "worst_return": -0.050622,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.352288,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.217642,
        "regime_survival": 0.0,
        "best_return": 0.803746,
        "worst_return": -0.099171,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-29",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": -0.062341,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2024-10-11",
        "tenure": "Established",
        "return": 0.033575,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-18",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.075642,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.009911,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.050608,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.015751,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.115102,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.062927,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.021783,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.2031,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.104654,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.035889,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.11771,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.039444,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 32.465,
        "volume": 10115,
        "typical_volume": 17782.95,
        "trend": 35.674666,
        "fair_value": 37.780128,
        "relative_strength": -18.19612,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -71.904788,
        "energy": 59.721132,
        "activity_lines": [
          34.17,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
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      },
      {
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      },
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        "date": "2023-09-22",
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        "typical_volume": 13790.45,
        "trend": 42.408856,
        "fair_value": 32.004075,
        "relative_strength": 21.045358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.111585,
        "energy": 88.363121,
        "activity_lines": [
          47.821333,
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          44.33838,
          43.41166
        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 15152.05,
        "trend": 42.84019,
        "fair_value": 32.114395,
        "relative_strength": 20.872579,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 94.045641,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 51.509998,
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        "typical_volume": 15760.85,
        "trend": 43.251523,
        "fair_value": 32.219331,
        "relative_strength": 19.740385,
        "stage": 2,
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        "direction": 77.389559,
        "energy": 90.995615,
        "activity_lines": [
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          45.868261,
          44.573012
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 16346.55,
        "trend": 43.470666,
        "fair_value": 32.341511,
        "relative_strength": 22.779811,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 92.661958,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 53.549999,
        "volume": 17815,
        "typical_volume": 16090.65,
        "trend": 43.8465,
        "fair_value": 32.457729,
        "relative_strength": 19.934026,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 88.791248,
        "activity_lines": [
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          45.900612
        ]
      },
      {
        "date": "2026-06-05",
        "close": 50.5,
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        "typical_volume": 15261.85,
        "trend": 44.176333,
        "fair_value": 32.553883,
        "relative_strength": 12.55657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.680516,
        "energy": 64.162845,
        "activity_lines": [
          52.180666,
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      },
      {
        "date": "2026-06-12",
        "close": 49.639999,
        "volume": 2846,
        "typical_volume": 14415.05,
        "trend": 44.464,
        "fair_value": 32.637857,
        "relative_strength": 6.530946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 50.889999,
        "volume": 517,
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        "trend": 44.9055,
        "fair_value": 32.744748,
        "relative_strength": 5.766582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.014784,
        "energy": 44.44432,
        "activity_lines": [
          51.023999,
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      },
      {
        "date": "2026-06-26",
        "close": 46.470001,
        "volume": 7196,
        "typical_volume": 13124.95,
        "trend": 45.115166,
        "fair_value": 32.812889,
        "relative_strength": -0.850743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 30.425384,
        "energy": 24.25788,
        "activity_lines": [
          49.292,
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          48.762881,
          47.197881
        ]
      },
      {
        "date": "2026-07-03",
        "close": 46.810001,
        "volume": 207,
        "typical_volume": 12666.15,
        "trend": 45.325666,
        "fair_value": 32.883626,
        "relative_strength": -3.426446,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.347533,
        "energy": 25.651502,
        "activity_lines": [
          48.158667,
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          48.748238,
          47.307225
        ]
      },
      {
        "date": "2026-07-10",
        "close": 43.990002,
        "volume": 9675,
        "typical_volume": 12365.85,
        "trend": 45.479666,
        "fair_value": 32.935325,
        "relative_strength": -9.076122,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.442247,
        "energy": 23.981454,
        "activity_lines": [
          46.534668,
          48.540546,
          48.442929,
          47.221054
        ]
      },
      {
        "date": "2026-07-17",
        "close": 41.299999,
        "volume": 9325,
        "typical_volume": 11983.0,
        "trend": 45.553166,
        "fair_value": 32.971318,
        "relative_strength": -13.433767,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -46.904227,
        "energy": 49.053745,
        "activity_lines": [
          44.448,
          46.979636,
          47.877548,
          46.951398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 41.705002,
        "volume": 5930,
        "typical_volume": 11841.5,
        "trend": 45.622333,
        "fair_value": 33.007665,
        "relative_strength": -12.467752,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.910364,
        "energy": 65.064307,
        "activity_lines": [
          43.052334,
          45.682182,
          47.364333,
          46.703129
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.095001,
        "volume": 7568,
        "typical_volume": 11539.5,
        "trend": 45.648333,
        "fair_value": 33.04321,
        "relative_strength": -14.415448,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.723471,
        "energy": 72.234109,
        "activity_lines": [
          42.065668,
          44.452092,
          46.795715,
          46.411043
        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.349998,
        "volume": 3833,
        "typical_volume": 11496.45,
        "trend": 45.670666,
        "fair_value": 33.103434,
        "relative_strength": -12.415311,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.239881,
        "energy": 66.146941,
        "activity_lines": [
          42.189,
          43.862091,
          46.452381,
          46.262763
        ]
      }
    ],
    "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."
    }
  }
}