FRNM

Freenome, Inc.

NASDAQ · Common stock

11.75

−0.54 (−4.35%)

Close, Oct 16, 2026

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Structural summary

What is the structure, what changed, and what would invalidate it

Viridia Intelligence

Context across dimensions, not a rating

StructureNot enough swingsNeeds more confirmed intermediate swings.

WaveUnresolvedZigzag complete, next move down (Pattern Confidence 60).

FibonacciAt a zoneNearest confluence 11.49–11.58 (2 relationships), −1.8% from the close.

MomentumNot enough historyNeeds 3 months of sessions.

RegimeNot enough historyNeeds 200 sessions.

RiskNormal20-day volatility 67% vs 73% over the year; 1-year drawdown −31.3%; beta 1.55.

FRNM setup historyNot replayed yet; the track record fills in most-traded securities first.Track record

Current structure

Price, swings and the preferred count on the chart

FRNM · 1DLoading bars…

SourceMassive, end of dayUpdated—MethodDaily bars, split-adjusted

Candidate interpretations

Every count shown passes every hard rule

Candidate interpretations

Ranked by Pattern Confidence

Counts ending at the latest minor swing high, 17.30 on Oct 6, 2026. 30 labelings tested, 20 broke a hard rule, 10 remain.

Hard-rule evidence: why 20 labelings were eliminated

6Wave 2 always retraces less than 100% of wave 1
6Wave 3 always travels beyond the end of wave 1
4Price after the last labeled point has not crossed a rule-based invalidation level
2Wave B retraces at least 90% of wave A
1Wave 4 does not enter the price territory of wave 1
1Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end

Method Every chain of 3–6 alternating pivots ending at the latest confirmed pivot is tested as each pattern; only counts with zero hard-rule failures are kept, then ranked by Pattern Confidence. Rules: rulebook.Engine pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1, bars to Oct 16, 2026

Fibonacci map

Confluence zones above and below the closeClose 11.75

11.75close

Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.

11.49 – 11.58−1.8% from the close

2 relationships · strength 1.2 · Minor, Intermediate degrees

11.58Swing78.6% retracement of the rise 2026-07-29 → 2026-09-21 · Intermediate · Basics · secondary ratio
11.49ProjectionWave 3 = 261.8% of wave 1 · Minor · EWF · secondary ratio

Method Targets come from the Fibonacci relationships the sources describe for the wave in progress, Elliott trend channels, the prior fourth wave of lesser degree, and 38.2–78.6% retracements of the latest swing. A zone is where two or more independent relationships fall within max(¼ ATR, 0.4%) of each other; strength counts them, weighting primary ratios and higher degrees. It is not a probability.

Evidence

The setup the preferred count implies, and how that kind of setup has done

Setup

Minor degree · from the preferred count

No scenario at minor degree right now

The count has no unreached Fibonacci target beyond the current price. Viridia shows nothing rather than a guess.

NoteResearch scenario generated from Viridia's structural model. Not a recommendation.MethodA setup restates the preferred count as a trade: the entry (the close, or the level where the correction in progress most often ends), the stop where the count is wrong (a rule level, or the end of a finished pattern), and the count's own Fibonacci target. Reward:risk is measured from the middle of the entry range. A setup needs reward:risk of at least 1 : 1. It is research output from the wave count, not a recommendation or a forecast.

Engine details

Analysis engine: pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1
Bars analysed to: Oct 16, 2026
Price history: Automatic, updated nightly
Daily bars: 63 since Jul 21, 2026
Avg volume, 50 days: 898.0K
Dollar volume, 20 days: $10.3M
SEC CIK: 0002017526
Provider symbols: nasdaqtrader: FRNM · massive: FRNM
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 21, 2026, 8:00 AM EDTMethodSecurity master, daily snapshot diff

MethodStructure: the intermediate-degree swing structure (higher highs and lows, lower highs and lows, expanding or contracting). Wave: the preferred daily wave count's expected direction (constructive up, defensive down), unresolved when the alternate is within 5 points. Fibonacci: the nearest confluence zone of Fibonacci relationships and the distance to it (inside, or within 3%, counts as at a zone). Regime: price against its 50- and 200-day averages. Momentum: 3-month return and its lead over SPY (strong when both are positive and the lead is over 5 points; weak when both are negative). Risk: 20-day volatility against the 1-year level (elevated above 1.25×), and the 1-year drawdown and beta to SPY.

Structure at a glance

Daily chart, as of Oct 16, 2026

Since the count's last pivot (17.30, Oct 6, 2026) price has moved −32.1%, the way the count expects.10 of 10 rule-valid counts expect the current move to be down.

Close call.The top two counts are within 0 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Zigzag up · complete, next move down ↓

A three-wave zigzag correction up looks complete, so the larger trend would normally resume down.

A-B-C from 14.25, Sep 14, 2026

Pattern Confidence60Medium

4 of 6 checks met

Key levels, preferred count

Reassess+47.2% from close

17.30

The pattern ended here. A move above it means its last wave is still going, so the pattern isn't complete.

Target, next move

None

No unreached Fibonacci target.

Nearest confluence zone−1.8% from close

11.49–11.58

2 Fibonacci relationships meet here.

Alternate count

Ending diagonal down · wave 3 ↓

Price is in wave 3 of a five-wave decline (ending diagonal).

1-2 from 17.50, Sep 21, 2026

Pattern Confidence60Medium

1 of 1 checks met

Why this count is preferred · 4 met, 2 not met

Met

Wave B retraces 38.2% to 85.4% of wave A
Wave B retraces under 90% of wave A (deeper B waves fit a flat better)
Wave C equals 61.8%, 100% or 123.6% of wave A
Alternate waves are related by a Fibonacci ratio within 5% (wave 5 to wave 1, C to A, or triangle legs at 61.8%), the more reliable kind of relationship

Not met

Wave C travels beyond the end of wave A (a failure is a truncation)
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

MethodPattern Confidence = (guidelines met + 2) ÷ (guidelines measured + 4), from the rulebook's guidelines, Fibonacci tendencies and wave-personality checks (wave 3 speed and volume, wave 5 volume, alternation in time, a start at the prior extreme), alternate waves in Fibonacci ratio, and the rarity of running flats. The alternate is the best-ranked count that tells a different story. It ranks the rule-valid counts against each other; it is not a probability of any outcome.

What changed

Structural events, most recent first

Oct 16, 2026New Fib zoneA new Fibonacci confluence zone formed near 11.53.
Oct 12, 2026Swing confirmedA new intermediate swing high was confirmed.
Oct 12, 2026New Fib zoneA new Fibonacci confluence zone formed near 12.81.
Oct 8, 2026New leading countNew leading count: Zigzag complete ↓ (confidence 60).
Oct 8, 2026Count droppedEnding Diagonal w5 ↑ is no longer among the leading counts; now Zigzag complete ↓.
Oct 5, 2026New leading countNew leading count: Ending Diagonal w5 ↑ (confidence 67).
Oct 5, 2026Count droppedZigzag complete ↓ is no longer among the leading counts; now Ending Diagonal w5 ↑.
Oct 5, 2026New Fib zoneA new Fibonacci confluence zone formed near 17.23.

Last swing high

17.50

Sep 21, 2026

Last swing low

9.97

Jul 29, 2026

Elliott Wave

Wave counts are built on these swings and each one passes every rule in the rulebook. They are ranked by how many guidelines they satisfy; the preferred and alternate counts are summarized above the chart.

MethodPrice versus its 50- and 200-day averages: above both with the 50 above the 200 is an uptrend, below both with the 50 below the 200 is a downtrend, anything else is mixed. Swings: adaptive ZigZag on daily bars, pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1.