{
  "ticker": {
    "uuid": "f942cc8e-b3b6-4792-992b-7ef599239785",
    "symbol": "WCLD",
    "name": "WisdomTree Cloud Computing 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": 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.069,
    "architecture_energy": 84.436,
    "architecture_maturity": 24.0,
    "architecture_confidence": 81.29,
    "architecture_tenure": "New",
    "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": 13.23,
        "rotation_up": 80.07,
        "upward_expansion": 93.98,
        "deceleration": 42.36,
        "rotation_down": 10.48,
        "downward_expansion": 18.31
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      "activity_lines": [
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        30.577248
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 38.165001,
    "trend_reference": 29.612333,
    "distance_from_trend": 0.288821,
    "trend_direction": "Weakening",
    "fair_value": 32.594138,
    "distance_from_fair_value": 0.170916,
    "fair_value_direction": "Improving",
    "relative_strength": 10.705395,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.412734,
    "excess_performance": 0.361498,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.288821,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017738,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.170916,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.286224,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.107054,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.277924,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.412734,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.32393,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.221121,
      "balance": 6.32393,
      "dry_up": 0.95035,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.068428,
      "annualized_volatility": 0.446507,
      "from_high_reference": -0.011526,
      "from_low_reference": 0.628895
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    "levels": {
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      "fair_value_reference": 32.594138,
      "structural_low": 23.43,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.204627,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-05-01",
        "close": 28.012501,
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        "typical_volume": 285801.4,
        "trend": 30.80327,
        "fair_value": 32.506462,
        "relative_strength": -20.816765,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 38.484221,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 293241.65,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 307865.3,
        "trend": 30.444603,
        "fair_value": 32.522408,
        "relative_strength": -18.524444,
        "stage": 4,
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        "energy": 19.383549,
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      },
      {
        "date": "2026-05-22",
        "close": 29.555,
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        "typical_volume": 349148.4,
        "trend": 30.257083,
        "fair_value": 32.526061,
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        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -4.872355,
        "energy": 14.172075,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 347462.1,
        "trend": 30.147083,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 339965.35,
        "trend": 30.075167,
        "fair_value": 32.541013,
        "relative_strength": -7.66016,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.536804,
        "energy": 41.091354,
        "activity_lines": [
          30.522166,
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      },
      {
        "date": "2026-06-12",
        "close": 30.125,
        "volume": 8386,
        "typical_volume": 332795.8,
        "trend": 29.928,
        "fair_value": 32.529619,
        "relative_strength": -12.386357,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.628839,
        "energy": 40.843507,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 308850.85,
        "trend": 29.824833,
        "fair_value": 32.522824,
        "relative_strength": -13.92525,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.714875,
        "energy": 36.717571,
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      },
      {
        "date": "2026-06-26",
        "close": 29.647499,
        "volume": 132470,
        "typical_volume": 287357.55,
        "trend": 29.700417,
        "fair_value": 32.511799,
        "relative_strength": -12.905855,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.539814,
        "energy": 18.06394,
        "activity_lines": [
          29.9905,
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          28.814193
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      },
      {
        "date": "2026-07-03",
        "close": 32.860001,
        "volume": 55698,
        "typical_volume": 272761.2,
        "trend": 29.639583,
        "fair_value": 32.52526,
        "relative_strength": -4.46097,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 43.870806,
        "energy": 29.549316,
        "activity_lines": [
          30.804333,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 33.360001,
        "volume": 1333357,
        "typical_volume": 330725.05,
        "trend": 29.58125,
        "fair_value": 32.527792,
        "relative_strength": -0.920756,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.229672,
        "energy": 46.227474,
        "activity_lines": [
          31.7005,
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          29.632464,
          29.258064
        ]
      },
      {
        "date": "2026-07-17",
        "close": 34.080002,
        "volume": 312424,
        "typical_volume": 327704.7,
        "trend": 29.556083,
        "fair_value": 32.537183,
        "relative_strength": 0.662119,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.107833,
        "energy": 66.467172,
        "activity_lines": [
          32.721001,
          31.727591,
          30.146405,
          29.548307
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.93,
        "volume": 251217,
        "typical_volume": 326277.25,
        "trend": 29.4555,
        "fair_value": 32.531959,
        "relative_strength": -6.335508,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 61.134882,
        "energy": 70.936844,
        "activity_lines": [
          32.761167,
          31.898637,
          30.419988,
          29.701462
        ]
      },
      {
        "date": "2026-07-31",
        "close": 34.345001,
        "volume": 225935,
        "typical_volume": 297961.15,
        "trend": 29.479833,
        "fair_value": 32.545212,
        "relative_strength": -0.148112,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.721781,
        "energy": 74.603434,
        "activity_lines": [
          33.417668,
          32.436319,
          30.910215,
          30.016914
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.165001,
        "volume": 373668,
        "typical_volume": 306004.0,
        "trend": 29.612333,
        "fair_value": 32.594138,
        "relative_strength": 10.705395,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.068575,
        "energy": 84.435722,
        "activity_lines": [
          35.034334,
          33.581455,
          31.732608,
          30.577248
        ]
      }
    ],
    "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."
    }
  }
}