NHP

National Healthcare Properties, Inc.

NASDAQ · Common stock

15.06

+0.25 (+1.69%)

Close, Oct 20, 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, wave C down (Pattern Confidence 71).

FibonacciZone belowNearest confluence 14–14 (2 relationships), −7.1% from the close.

MomentumWeak3 months −5.4% (behind SPY by 8.3 points).

RegimeNot enough historyNeeds 200 sessions.

RiskNormal20-day volatility 28% vs 35% over the year; 1-year drawdown −14.1%; beta 0.04.

NHP 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

NHP · 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, 16.39 on Oct 13, 2026. 112 labelings tested, 96 broke a hard rule, 12+ remain.

Hard-rule evidence: why 96 labelings were eliminated

24Wave 3 always travels beyond the end of wave 1
18Wave 2 always retraces less than 100% of wave 1
12Contracting diagonal: wave 3 is shorter than wave 1, wave 5 shorter than wave 3, and wave 4 shorter than wave 2
11Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
9Price after the last labeled point has not crossed a rule-based invalidation level
7Wave 4 does not enter the price territory of wave 1

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 20, 2026

Fibonacci map

Confluence zones above and below the closeClose 15.06

15.06close

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

14.00 – 14.00−7.1% from the close

2 relationships · strength 1.6 · Minor degree

14.00ProjectionWave C = 100% of wave A · Minor · Essentials
14.00ProjectionWave 3 = 161.8% of wave 1 · Minor · EWP · 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 target is closer than the stop (reward:risk 0.44 : 1): most of the count's expected move has already happened, so it isn't a setup. 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 20, 2026
Price history: Automatic, updated nightly
Daily bars: 126 since Apr 22, 2026
Avg volume, 50 days: 763.6K
Dollar volume, 20 days: $15.2M
SEC CIK: 0001561032
Provider symbols: nasdaqtrader: NHP · massive: NHP
Listing changes: 1 recorded

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 22, 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 20, 2026

Since the count's last pivot (16.39, Oct 13, 2026) price has moved −8.1%, the way the count expects.12 of 12 rule-valid counts expect the current move to be down.

Close call.The top two counts are within 4 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Zigzag down · wave C ↓

Price is in wave C of a three-wave zigzag correction down.

A-B from 17.46, Aug 7, 2026

Pattern Confidence71High

3 of 3 checks met

Key levels, preferred count

Invalidation+15.9% from close

17.46

Price above this level breaks the count.

Target, wave C−7.0% from close

14.00

Wave C = 100% of wave A

Nearest confluence zone−7.1% from close

14.00–14.00

2 Fibonacci relationships meet here.

Alternate count

Impulse down · wave 3 ↓

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

1-2 from 17.46, Aug 7, 2026

Pattern Confidence67Medium

2 of 2 checks met

Why this count is preferred · 3 met, 0 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)
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

Not met

None.

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 15, 2026New leading countNew leading count: Zigzag wC ↓ (confidence 71).
Oct 15, 2026Count droppedZigzag complete ↑ is no longer among the leading counts; now Zigzag wC ↓.
Oct 13, 2026New leading countNew leading count: Zigzag complete ↑ (confidence 60).
Oct 13, 2026Count droppedFlat complete ↓ is no longer among the leading counts; now Zigzag complete ↑.
Oct 8, 2026New Fib zoneA new Fibonacci confluence zone formed near 14.52.
Oct 6, 2026New Fib zoneA new Fibonacci confluence zone formed near 14.96.
Oct 5, 2026New leading countNew leading count: Flat complete ↓ (confidence 78).
Oct 5, 2026Count droppedEnding Diagonal w3 ↑ is no longer among the leading counts; now Flat complete ↓.
Oct 5, 2026New Fib zoneA new Fibonacci confluence zone formed near 15.55.
Sep 29, 2026New leading countNew leading count: Ending Diagonal w3 ↑ (confidence 60).
Sep 29, 2026Count droppedZigzag wC ↓ is no longer among the leading counts; now Ending Diagonal w3 ↑.
Sep 29, 2026New Fib zoneA new Fibonacci confluence zone formed near 16.66.

Last swing high

17.46

Aug 7, 2026

Last swing low

11.25

Apr 22, 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.