{
  "ticker": {
    "uuid": "c7621d76-861f-42c2-9c90-8579a902b616",
    "symbol": "WMGT",
    "name": "WisdomTree Megatrends UCITS ETF USD Acc",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 50.4,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -20.678,
    "architecture_energy": 30.284,
    "architecture_maturity": 6.722,
    "architecture_confidence": 50.464,
    "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": 45.83,
        "rotation_up": 14.39,
        "upward_expansion": 16.28,
        "deceleration": 63.92,
        "rotation_down": 63.98,
        "downward_expansion": 43.61
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      "activity_lines": [
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        36.352182,
        37.104048,
        36.636849
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 36.755001,
    "trend_reference": 35.997167,
    "distance_from_trend": 0.021053,
    "trend_direction": "Improving",
    "fair_value": 29.074083,
    "distance_from_fair_value": 0.264184,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.255995,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.090815,
    "excess_performance": 0.026175,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.021053,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050072,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.264184,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.115124,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.00256,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.224069,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.090815,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.769342,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.563584,
      "balance": 0.769342,
      "dry_up": 0.763411,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
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      "annualized_volatility": 0.230467,
      "from_high_reference": -0.097372,
      "from_low_reference": 0.345598
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    "levels": {
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      "fair_value_reference": 29.074083,
      "structural_low": 31.615,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
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        "worst_return": null,
        "sufficient": false
      },
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        "worst_return": null,
        "sufficient": false
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        "horizon": "Extended",
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        "regime_survival": null,
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        "worst_return": null,
        "sufficient": false
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        "horizon": "Full cycle",
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        "sufficient": false
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        "color": "teal",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.034755,
        "active": false
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        "label": "Upward Expansion",
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        "end": "2025-11-21",
        "tenure": "Established",
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        "active": false
      },
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-16",
        "tenure": "Developing",
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        "active": false
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        "regime": "upward_expansion",
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        "end": "2026-03-27",
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        "return": -0.071082,
        "active": false
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-04-24",
        "tenure": "New",
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        "active": false
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        "end": "2026-06-26",
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        "return": 0.01636,
        "active": false
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        "regime": "deceleration",
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        "end": "2026-07-31",
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        "end": "2026-08-07",
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        "active": true
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          33.614833,
          33.352254
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      },
      {
        "date": "2026-04-10",
        "close": 34.110001,
        "volume": 17080,
        "typical_volume": 10666.4,
        "trend": 33.086016,
        "fair_value": 27.911395,
        "relative_strength": 12.56928,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.259524,
        "energy": 15.675082,
        "activity_lines": [
          33.301333,
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      },
      {
        "date": "2026-04-17",
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        "typical_volume": 11470.1,
        "trend": 33.250683,
        "fair_value": 27.975255,
        "relative_strength": 13.281158,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 25.303009,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
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        "typical_volume": 15151.6,
        "trend": 33.442183,
        "fair_value": 28.044293,
        "relative_strength": 17.680937,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 58.368582,
        "activity_lines": [
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          33.821284
        ]
      },
      {
        "date": "2026-05-01",
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        "volume": 16174,
        "typical_volume": 15838.8,
        "trend": 33.60085,
        "fair_value": 28.117632,
        "relative_strength": 18.231168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.218718,
        "energy": 74.256342,
        "activity_lines": [
          36.089,
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          34.558643,
          34.069207
        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 17336.25,
        "trend": 33.812683,
        "fair_value": 28.202532,
        "relative_strength": 22.150913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.329699,
        "energy": 85.962496,
        "activity_lines": [
          37.281668,
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          34.411088
        ]
      },
      {
        "date": "2026-05-15",
        "close": 38.645,
        "volume": 45797,
        "typical_volume": 19485.6,
        "trend": 34.025517,
        "fair_value": 28.284114,
        "relative_strength": 22.413315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.334812,
        "energy": 85.247186,
        "activity_lines": [
          37.981334,
          36.464819,
          35.413714,
          34.722851
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      },
      {
        "date": "2026-05-22",
        "close": 39.514999,
        "volume": 32317,
        "typical_volume": 20793.15,
        "trend": 34.065333,
        "fair_value": 28.371175,
        "relative_strength": 19.61644,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.06923,
        "energy": 85.960661,
        "activity_lines": [
          38.668667,
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          35.860762,
          35.077011
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 29491,
        "typical_volume": 21931.85,
        "trend": 34.280667,
        "fair_value": 28.46282,
        "relative_strength": 20.007434,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.598016,
        "energy": 88.1316,
        "activity_lines": [
          39.367,
          38.007818,
          36.346024,
          35.47828
        ]
      },
      {
        "date": "2026-06-05",
        "close": 38.415001,
        "volume": 2608,
        "typical_volume": 21493.25,
        "trend": 34.493333,
        "fair_value": 28.538791,
        "relative_strength": 15.31247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.904564,
        "energy": 68.652063,
        "activity_lines": [
          39.196667,
          38.328819,
          36.625024,
          35.745011
        ]
      },
      {
        "date": "2026-06-12",
        "close": 38.244999,
        "volume": 13084,
        "typical_volume": 21241.8,
        "trend": 34.696333,
        "fair_value": 28.612323,
        "relative_strength": 14.689283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.361182,
        "energy": 55.417708,
        "activity_lines": [
          38.894333,
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          36.873381,
          35.987054
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      },
      {
        "date": "2026-06-19",
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        "volume": 4545,
        "typical_volume": 20629.8,
        "trend": 35.017833,
        "fair_value": 28.693057,
        "relative_strength": 15.646046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.771587,
        "energy": 53.315294,
        "activity_lines": [
          39.003999,
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          37.211667,
          36.28729
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      },
      {
        "date": "2026-06-26",
        "close": 37.895,
        "volume": 2292,
        "typical_volume": 19756.2,
        "trend": 35.227,
        "fair_value": 28.761728,
        "relative_strength": 12.139752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.868809,
        "energy": 35.8663,
        "activity_lines": [
          38.581666,
          38.721909,
          37.385548,
          36.472914
        ]
      },
      {
        "date": "2026-07-03",
        "close": 38.66,
        "volume": 1555,
        "typical_volume": 19435.35,
        "trend": 35.447,
        "fair_value": 28.835049,
        "relative_strength": 8.957582,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.630189,
        "energy": 33.812109,
        "activity_lines": [
          38.522333,
          38.748454,
          37.612286,
          36.694398
        ]
      },
      {
        "date": "2026-07-10",
        "close": 36.259998,
        "volume": 17967,
        "typical_volume": 20105.75,
        "trend": 35.603333,
        "fair_value": 28.889644,
        "relative_strength": 4.640459,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.585699,
        "energy": 18.535494,
        "activity_lines": [
          37.771332,
          38.301272,
          37.588119,
          36.746849
        ]
      },
      {
        "date": "2026-07-17",
        "close": 34.895,
        "volume": 17133,
        "typical_volume": 20515.1,
        "trend": 35.719,
        "fair_value": 28.933479,
        "relative_strength": 1.311029,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.485607,
        "energy": 16.463454,
        "activity_lines": [
          36.708999,
          37.624545,
          37.426476,
          36.70115
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.41,
        "volume": 13339,
        "typical_volume": 20941.15,
        "trend": 35.845,
        "fair_value": 28.98041,
        "relative_strength": 1.366834,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.624133,
        "energy": 23.078837,
        "activity_lines": [
          36.041666,
          37.114272,
          37.315,
          36.681215
        ]
      },
      {
        "date": "2026-07-31",
        "close": 34.32,
        "volume": 22229,
        "typical_volume": 21527.3,
        "trend": 35.917667,
        "fair_value": 29.018824,
        "relative_strength": -4.01732,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -34.498312,
        "energy": 39.798506,
        "activity_lines": [
          35.273666,
          36.464636,
          37.093833,
          36.582828
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.755001,
        "volume": 11928,
        "typical_volume": 21164.55,
        "trend": 35.997167,
        "fair_value": 29.074083,
        "relative_strength": -0.255995,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.67779,
        "energy": 30.283914,
        "activity_lines": [
          35.555667,
          36.352182,
          37.104048,
          36.636849
        ]
      }
    ],
    "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."
    }
  }
}