{
  "ticker": {
    "uuid": "f70ff511-4fd1-4600-970f-53febc57741d",
    "symbol": "WBIO",
    "name": "WisdomTree BioRevolution 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 52.371,
    "architecture_energy": 33.326,
    "architecture_maturity": 48.634,
    "architecture_confidence": 63.076,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 27.92,
        "rotation_up": 38.28,
        "upward_expansion": 63.31,
        "deceleration": 67.98,
        "rotation_down": 24.76,
        "downward_expansion": 15.64
      },
      "activity_lines": [
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        1625.814765,
        1588.246239
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 1725.1,
    "trend_reference": 1549.026669,
    "distance_from_trend": 0.113667,
    "trend_direction": "Improving",
    "fair_value": 1341.017632,
    "distance_from_fair_value": 0.286411,
    "fair_value_direction": "Improving",
    "relative_strength": 9.590848,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.175457,
    "excess_performance": 0.124221,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.113667,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059205,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.286411,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.17482,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.095908,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.035087,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.175457,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.94029,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 26775,
      "relative_activity": 1.028554,
      "balance": 0.94029,
      "dry_up": 1.049422,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.060269,
      "annualized_volatility": 0.230162,
      "from_high_reference": -0.065695,
      "from_low_reference": 0.620421
    },
    "levels": {
      "trend_reference": 1549.026669,
      "fair_value_reference": 1341.017632,
      "structural_low": 1386.800049,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.0072,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.01226,
        "regime_survival": 0.5,
        "best_return": 0.115291,
        "worst_return": -0.047182,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.003219,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.040119,
        "regime_survival": 0.5,
        "best_return": 0.018664,
        "worst_return": -0.025103,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.006907,
        "positive_rate": 0.0,
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        "median_excess_return": -0.080336,
        "regime_survival": 0.0,
        "best_return": -0.006907,
        "worst_return": -0.006907,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "sufficient": false
      }
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      },
      {
        "regime": "upward_expansion",
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      {
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
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      },
      {
        "regime": "downward_expansion",
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      {
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      },
      {
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        "typical_volume": 30112.85,
        "trend": 1526.273336,
        "fair_value": 1337.120196,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 1671.4,
        "volume": 19842,
        "typical_volume": 29672.6,
        "trend": 1533.96667,
        "fair_value": 1338.100965,
        "relative_strength": 8.768701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 66.337361,
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      },
      {
        "date": "2026-07-31",
        "close": 1627.1,
        "volume": 22955,
        "typical_volume": 26000.4,
        "trend": 1541.070003,
        "fair_value": 1339.06635,
        "relative_strength": 4.220595,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.019879,
        "energy": 36.815259,
        "activity_lines": [
          1672.666667,
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      },
      {
        "date": "2026-08-07",
        "close": 1725.1,
        "volume": 26775,
        "typical_volume": 26031.7,
        "trend": 1549.026669,
        "fair_value": 1341.017632,
        "relative_strength": 9.590848,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.370789,
        "energy": 33.325801,
        "activity_lines": [
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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."
    }
  }
}