{ "ticker": { "uuid": "d572bca2-23b6-4e19-a0c3-7e7be2b64a46", "symbol": "SGBS", "name": "WisdomTree Physical Swiss Gold", "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": 53.474, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.152, "architecture_energy": 48.147, "architecture_maturity": 62.277, "architecture_confidence": 64.008, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 27.49, "rotation_up": 26.26, "upward_expansion": 19.64, "deceleration": 66.84, "rotation_down": 46.02, "downward_expansion": 69.64 }, "activity_lines": [ 345.57667, 344.91782, 354.50243, 364.68613 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 359.890015, "trend_reference": 377.322667, "distance_from_trend": -0.046201, "trend_direction": "Weakening", "fair_value": 267.146347, "distance_from_fair_value": 0.347164, "fair_value_direction": "Weakening", "relative_strength": -13.33855, "relative_strength_direction": "Weakening", "price_momentum": -0.099712, "excess_performance": -0.270604, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.046201, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.002649, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.347164, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.173149, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.133385, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.137738, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.099712, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.653009, "read": "Supply-led" } ], "volume": { "latest": 3700, "relative_activity": 1.284053, "balance": 0.653009, "dry_up": 0.894326, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.032773, "annualized_volatility": 0.2228, "from_high_reference": -0.188706, "from_low_reference": 0.321279 }, "levels": { "trend_reference": 377.322667, "fair_value_reference": 267.146347, 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"fair_value": 264.842629, "relative_strength": -14.676939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.10262, "energy": 63.717077, "activity_lines": [ 341.271338, 345.447274, 358.090192, 368.549248 ] }, { "date": "2026-07-31", "close": 336.109985, "volume": 2463, "typical_volume": 3245.95, "trend": 377.674, "fair_value": 265.915193, "relative_strength": -16.667599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.424261, "energy": 66.750508, "activity_lines": [ 339.253332, 342.691635, 354.959857, 365.833484 ] }, { "date": "2026-08-07", "close": 359.890015, "volume": 3700, "typical_volume": 2881.5, "trend": 377.322667, "fair_value": 267.146347, "relative_strength": -13.33855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.152004, "energy": 48.147195, "activity_lines": [ 345.57667, 344.91782, 354.50243, 364.68613 ] } ], "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." } } }