NIC Holds Stage 2 Uptrend within 9-Week Flat Base below 178.64 Pivot

Posted on by Eben@CANSLIM Research
NIC daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 2 (Advancing), as of October 15, 2026 at 00:10 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

NIC is trading at 162.92 in a Stage 2 advancing trend, holding above a rising 30-week moving average while sitting roughly 8.8 percent below its 52-week high. The market’s focus is on a nine-week flat base with a 9.4 percent depth and a pivot at 178.64, as price contractions of 5.3 and 3.2 percent hint at tightening supply even though volume has yet to dry up. Sentiment is constructive but unconfirmed, with the stock needing a decisive breakout above the pivot to validate the next leg higher.

Technical Analysis

As of 2026-10-14 · Close $162.92

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.75%)

Detected Patterns — What the Market Is Watching

  • Flat Base — depth 9.4%, length 9 weeks, pivot $178.64. Base formed from 2026-08-14 (left-side high) to 2026-10-14, with the low of $161.89 set on 2026-10-07
  • Price contractions present (5.3% → 3.2%) but 20-day volume is still 101.6% of the 50-day average — needs ≤60% to qualify as a confirmed VCP

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