{ "ticker": { "uuid": "df42de96-dc10-4064-8f49-44d251c940f2", "symbol": "WCCA", "name": "WisdomTree California Carbon", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 74.452, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 69.721, "architecture_energy": 65.48, "architecture_maturity": 74.035, "architecture_confidence": 54.659, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 16.03, "rotation_up": 54.78, "upward_expansion": 80.83, "deceleration": 68.67, "rotation_down": 29.49, "downward_expansion": 16.5 }, "activity_lines": [ 25.581334, 25.531727, 24.736786, 24.151 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 25.66, "trend_reference": 23.586, "distance_from_trend": 0.087934, "trend_direction": "Improving", "fair_value": 28.204519, "distance_from_fair_value": -0.090217, "fair_value_direction": "Improving", "relative_strength": -7.579587, "relative_strength_direction": "Improving", "price_momentum": 0.149127, "excess_performance": -0.021765, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087934, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01753, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.090217, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.133311, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075796, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.08033, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.149127, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.115, "read": "Supply-led" } ], "volume": { "latest": 4, "relative_activity": 0.043668, "balance": 0.115, "dry_up": 4.377729, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.017657, "annualized_volatility": 0.105299, "from_high_reference": -0.034067, "from_low_reference": 0.175716 }, "levels": { "trend_reference": 23.586, "fair_value_reference": 28.204519, "structural_low": 21.825001, 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23.994667, 23.619505 ] }, { "date": "2026-07-17", "close": 25.924999, "volume": 1100, "typical_volume": 67.15, "trend": 23.485333, "fair_value": 28.342788, "relative_strength": -3.922367, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.538514, "energy": 87.499086, "activity_lines": [ 25.828666, 25.260272, 24.239238, 23.782548 ] }, { "date": "2026-07-24", "close": 25.325001, "volume": 500, "typical_volume": 92.1, "trend": 23.552833, "fair_value": 28.291699, "relative_strength": -5.829167, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.603372, "energy": 68.885941, "activity_lines": [ 25.735667, 25.373, 24.409119, 23.901237 ] }, { "date": "2026-07-31", "close": 25.325001, "volume": 0, "typical_volume": 92.1, "trend": 23.560834, "fair_value": 28.245577, "relative_strength": -6.278781, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.981127, "energy": 67.728532, "activity_lines": [ 25.616, 25.439091, 24.564333, 24.01557 ] }, { "date": "2026-08-07", "close": 25.66, "volume": 4, "typical_volume": 91.6, "trend": 23.586, "fair_value": 28.204519, "relative_strength": -7.579587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.7212, "energy": 65.480075, "activity_lines": [ 25.581334, 25.531727, 24.736786, 24.151 ] } ], "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." } } }