{
  "ticker": {
    "uuid": "f335299d-9514-4c11-848a-ecaf29186332",
    "symbol": "WMGG",
    "name": "WisdomTree Megatrends UCITS ETF USD Acc",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 64.094,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -21.092,
    "architecture_energy": 39.327,
    "architecture_maturity": 4.625,
    "architecture_confidence": 65.169,
    "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": 43.52,
        "rotation_up": 14.89,
        "upward_expansion": 20.77,
        "deceleration": 53.83,
        "rotation_down": 63.4,
        "downward_expansion": 48.1
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
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    "latest_close": 31.0325,
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    "distance_from_trend": -0.007806,
    "trend_direction": "Improving",
    "fair_value": 24.975427,
    "distance_from_fair_value": 0.242521,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.621098,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.070917,
    "excess_performance": 0.019682,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.007806,
        "read": "Below"
      },
      {
        "label": "Trend direction",
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        "value": 0.040524,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.242521,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.125799,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.036211,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.175811,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.070917,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.257323,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.753776,
      "balance": 1.257323,
      "dry_up": 0.719214,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
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      "annualized_volatility": 0.685331,
      "from_high_reference": -0.249917,
      "from_low_reference": 0.314101
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    "levels": {
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      "fair_value_reference": 24.975427,
      "structural_low": 27.015,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
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        "directional_follow_through": null,
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        "sufficient": false
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-06-20",
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        "active": false
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        "regime": "upward_expansion",
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        "tenure": "Established",
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        "regime": "deceleration",
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        "active": false
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        "active": true
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        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.600336,
        "energy": 15.75435,
        "activity_lines": [
          28.613167,
          30.0007,
          29.865753,
          29.592728
        ]
      },
      {
        "date": "2026-04-10",
        "close": 29.835,
        "volume": 39874,
        "typical_volume": 18489.9,
        "trend": 29.301173,
        "fair_value": 24.001421,
        "relative_strength": 0.694603,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.221288,
        "energy": 11.91591,
        "activity_lines": [
          28.972667,
          29.917206,
          29.914599,
          29.636147
        ]
      },
      {
        "date": "2026-04-17",
        "close": 31.15,
        "volume": 28171,
        "typical_volume": 18825.8,
        "trend": 29.447257,
        "fair_value": 24.059071,
        "relative_strength": 4.050783,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.795318,
        "energy": 11.067077,
        "activity_lines": [
          29.737,
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          30.072113,
          29.755426
        ]
      },
      {
        "date": "2026-04-24",
        "close": 31.435,
        "volume": 40870,
        "typical_volume": 19891.4,
        "trend": 29.59884,
        "fair_value": 24.118078,
        "relative_strength": 7.46011,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 17.714444,
        "activity_lines": [
          30.470833,
          30.223989,
          30.241578,
          29.883668
        ]
      },
      {
        "date": "2026-05-01",
        "close": 31.875,
        "volume": 19745,
        "typical_volume": 20293.95,
        "trend": 29.716923,
        "fair_value": 24.179641,
        "relative_strength": 8.651544,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.216149,
        "energy": 25.272201,
        "activity_lines": [
          31.145667,
          30.430313,
          30.436675,
          30.030517
        ]
      },
      {
        "date": "2026-05-08",
        "close": 33.1825,
        "volume": 28623,
        "typical_volume": 21204.35,
        "trend": 29.87259,
        "fair_value": 24.25053,
        "relative_strength": 13.959991,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.773848,
        "energy": 44.342846,
        "activity_lines": [
          31.990167,
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          30.734557,
          30.254102
        ]
      },
      {
        "date": "2026-05-15",
        "close": 33.01,
        "volume": 25653,
        "typical_volume": 21847.35,
        "trend": 30.042007,
        "fair_value": 24.318963,
        "relative_strength": 13.263772,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.308985,
        "energy": 51.840422,
        "activity_lines": [
          32.495,
          31.368682,
          30.989011,
          30.456516
        ]
      },
      {
        "date": "2026-05-22",
        "close": 33.92,
        "volume": 31983,
        "typical_volume": 22742.35,
        "trend": 29.895323,
        "fair_value": 24.39339,
        "relative_strength": 12.829007,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.314598,
        "energy": 55.546365,
        "activity_lines": [
          33.0915,
          31.991636,
          31.304584,
          30.706709
        ]
      },
      {
        "date": "2026-05-29",
        "close": 34.58,
        "volume": 52276,
        "typical_volume": 23562.4,
        "trend": 30.058573,
        "fair_value": 24.471748,
        "relative_strength": 15.034882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.815519,
        "energy": 64.721058,
        "activity_lines": [
          33.723333,
          32.65,
          31.654978,
          31.008946
        ]
      },
      {
        "date": "2026-06-05",
        "close": 33.235,
        "volume": 4684,
        "typical_volume": 22504.2,
        "trend": 30.23624,
        "fair_value": 24.538644,
        "relative_strength": 10.542843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.87025,
        "energy": 66.612053,
        "activity_lines": [
          33.697167,
          32.950545,
          31.85323,
          31.213877
        ]
      },
      {
        "date": "2026-06-12",
        "close": 33.045,
        "volume": 2450,
        "typical_volume": 21733.5,
        "trend": 30.390323,
        "fair_value": 24.603086,
        "relative_strength": 8.392879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.236817,
        "energy": 59.814111,
        "activity_lines": [
          33.517,
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          32.020338,
          31.395087
        ]
      },
      {
        "date": "2026-06-19",
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        "volume": 3249,
        "typical_volume": 21040.7,
        "trend": 30.64499,
        "fair_value": 24.673702,
        "relative_strength": 12.171815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.915199,
        "energy": 55.143726,
        "activity_lines": [
          33.662667,
          33.386182,
          32.266482,
          31.627647
        ]
      },
      {
        "date": "2026-06-26",
        "close": 32.065,
        "volume": 3693,
        "typical_volume": 20339.5,
        "trend": 30.781823,
        "fair_value": 24.72886,
        "relative_strength": 4.053164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.736158,
        "energy": 25.563498,
        "activity_lines": [
          33.099333,
          33.226591,
          32.306817,
          31.71926
        ]
      },
      {
        "date": "2026-07-03",
        "close": 32.8425,
        "volume": 2349,
        "typical_volume": 19887.25,
        "trend": 30.942657,
        "fair_value": 24.788961,
        "relative_strength": 4.593333,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.505434,
        "energy": 22.026228,
        "activity_lines": [
          32.918833,
          33.191727,
          32.406497,
          31.852207
        ]
      },
      {
        "date": "2026-07-10",
        "close": 31.2625,
        "volume": 23014,
        "typical_volume": 19921.65,
        "trend": 31.074407,
        "fair_value": 24.836561,
        "relative_strength": 1.070602,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.777647,
        "energy": 14.714948,
        "activity_lines": [
          32.3275,
          32.844,
          32.340296,
          31.872842
        ]
      },
      {
        "date": "2026-07-17",
        "close": 28.92,
        "volume": 16473,
        "typical_volume": 20745.3,
        "trend": 31.121323,
        "fair_value": 24.866367,
        "relative_strength": -7.423559,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.567772,
        "energy": 25.722684,
        "activity_lines": [
          31.086833,
          32.0815,
          32.046048,
          31.733848
        ]
      },
      {
        "date": "2026-07-24",
        "close": 29.8275,
        "volume": 10562,
        "typical_volume": 20650.5,
        "trend": 31.194073,
        "fair_value": 24.902317,
        "relative_strength": -5.775694,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -23.479745,
        "energy": 30.472747,
        "activity_lines": [
          30.423667,
          31.5615,
          31.895643,
          31.650376
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.0075,
        "volume": 16073,
        "typical_volume": 20559.6,
        "trend": 31.226573,
        "fair_value": 24.931851,
        "relative_strength": -9.506927,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.192216,
        "energy": 45.066478,
        "activity_lines": [
          29.765,
          30.950273,
          31.664786,
          31.509307
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.0325,
        "volume": 15305,
        "typical_volume": 20304.45,
        "trend": 31.276657,
        "fair_value": 24.975427,
        "relative_strength": -3.621098,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.091691,
        "energy": 39.327177,
        "activity_lines": [
          29.985167,
          30.796545,
          31.628024,
          31.496786
        ]
      }
    ],
    "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."
    }
  }
}