{
  "ticker": {
    "uuid": "440244cf-4ddf-46b6-aedf-e8f04746a85b",
    "symbol": "FSCO",
    "name": "FS Credit Opportunities Corp.",
    "exchange": "NYSE",
    "country": "US",
    "assetType": "equity"
  },
  "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": "SPY",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 95.933,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -11.346,
    "architecture_energy": 12.054,
    "architecture_maturity": 17.318,
    "architecture_confidence": 51.501,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 57.27,
        "rotation_up": 36.19,
        "upward_expansion": 25.67,
        "deceleration": 39.4,
        "rotation_down": 19.0,
        "downward_expansion": 48.34
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      "activity_lines": [
        4.94312,
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        4.90228,
        4.927458
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
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    "latest_close": 5.03,
    "trend_reference": 5.055325,
    "distance_from_trend": -0.00501,
    "trend_direction": "Weakening",
    "fair_value": 5.260771,
    "distance_from_fair_value": -0.043866,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.301762,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.108346,
    "excess_performance": -0.233971,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.00501,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.06199,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.043866,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023173,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.193018,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.055005,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.108346,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.544603,
        "read": "Demand-led"
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    ],
    "volume": {
      "latest": 4500145,
      "relative_activity": 0.861057,
      "balance": 1.544603,
      "dry_up": 0.895014,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.036235,
      "annualized_volatility": 0.273595,
      "from_high_reference": -0.26241,
      "from_low_reference": 0.260633
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    "levels": {
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      "fair_value_reference": 5.260771,
      "structural_low": 3.990058,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Near term",
        "sample_count": 2,
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        "positive_rate": 0.5,
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        "sufficient": false
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      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "rotation_down",
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        "regime": "deceleration",
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-12",
        "close": 4.7518,
        "volume": 6999406,
        "typical_volume": 8435440.45,
        "trend": 5.313654,
        "fair_value": 5.190388,
        "relative_strength": -26.02488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.522168,
        "energy": 59.012507,
        "activity_lines": [
          4.842759,
          4.916434,
          4.937256,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 4.812967,
        "volume": 4726944,
        "typical_volume": 8269865.45,
        "trend": 5.284189,
        "fair_value": 5.200487,
        "relative_strength": -25.03322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.630059,
        "energy": 60.754325,
        "activity_lines": [
          4.818291,
          4.890235,
          4.917177,
          5.062618
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.773094,
        "volume": 4995041,
        "typical_volume": 8074432.1,
        "trend": 5.24997,
        "fair_value": 5.209654,
        "relative_strength": -23.149614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.189891,
        "energy": 64.56824,
        "activity_lines": [
          4.789698,
          4.859336,
          4.897972,
          5.029644
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.89168,
        "volume": 3492178,
        "typical_volume": 7909104.3,
        "trend": 5.216903,
        "fair_value": 5.218949,
        "relative_strength": -22.235535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.752757,
        "energy": 42.5696,
        "activity_lines": [
          4.81568,
          4.856294,
          4.894195,
          5.006528
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.822505,
        "volume": 3796114,
        "typical_volume": 7773662.8,
        "trend": 5.18402,
        "fair_value": 5.226944,
        "relative_strength": -23.668814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.71652,
        "energy": 34.226242,
        "activity_lines": [
          4.825084,
          4.8405,
          4.886762,
          4.981083
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.852151,
        "volume": 5785621,
        "typical_volume": 7147043.2,
        "trend": 5.154927,
        "fair_value": 5.235594,
        "relative_strength": -21.314979,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.02785,
        "energy": 26.027818,
        "activity_lines": [
          4.838998,
          4.836152,
          4.884859,
          4.959672
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.89,
        "volume": 3864593,
        "typical_volume": 6137977.7,
        "trend": 5.124645,
        "fair_value": 5.243939,
        "relative_strength": -19.496114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.486782,
        "energy": 19.489268,
        "activity_lines": [
          4.858838,
          4.841893,
          4.886367,
          4.94258
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.95,
        "volume": 4560084,
        "typical_volume": 5390952.95,
        "trend": 5.089754,
        "fair_value": 5.252167,
        "relative_strength": -18.583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.169049,
        "energy": 13.795947,
        "activity_lines": [
          4.893543,
          4.859642,
          4.891281,
          4.931313
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.03,
        "volume": 4500145,
        "typical_volume": 5226300.75,
        "trend": 5.055325,
        "fair_value": 5.260771,
        "relative_strength": -19.301762,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.346329,
        "energy": 12.053585,
        "activity_lines": [
          4.94312,
          4.892823,
          4.90228,
          4.927458
        ]
      }
    ],
    "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."
    }
  }
}