{
  "ticker": {
    "uuid": "cfdfbdf3-d296-48cb-a214-88a689c586dd",
    "symbol": "WRNW",
    "name": "WisdomTree Renewable Energy UCITS ETF",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 54.974,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -39.616,
    "architecture_energy": 70.765,
    "architecture_maturity": 12.439,
    "architecture_confidence": 71.49,
    "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": 23.02,
        "rotation_up": 16.2,
        "upward_expansion": 24.82,
        "deceleration": 43.14,
        "rotation_down": 74.5,
        "downward_expansion": 66.48
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      "activity_lines": [
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        31.266408
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
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    "latest_close": 28.684999,
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    "distance_from_trend": -0.080494,
    "trend_direction": "Improving",
    "fair_value": 21.925123,
    "distance_from_fair_value": 0.308316,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.281857,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.051422,
    "excess_performance": -0.102657,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.080494,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031833,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308316,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.331399,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.082819,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.383866,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.051422,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.357448,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.625392,
      "balance": 0.357448,
      "dry_up": 1.475551,
      "accumulation_observations": 0,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.065593,
      "annualized_volatility": 0.266052,
      "from_high_reference": -0.231274,
      "from_low_reference": 0.456091
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      "fair_value_reference": 21.925123,
      "structural_low": 26.025,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
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        "worst_return": null,
        "sufficient": false
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      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2025-05-16",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.090542,
        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-12-05",
        "tenure": "Established",
        "return": 0.477474,
        "active": false
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        "regime": "deceleration",
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        "end": "2025-12-19",
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        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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        "regime": "balance",
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        "color": "blue",
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        "end": "2026-04-24",
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        "active": false
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        "regime": "deceleration",
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        "active": true
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      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 21.925123,
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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."
    }
  }
}