Nice stock price chart patterns indicate accumulation

Chart patterns indicate accumulation phase, often preceding significant price movement. Most stocks get a bump when a single analyst raises an existing price target. On those relatively rare occurrences when several pundits enact such lifts, a company's shares can really take off. A nice pop in the value of a core asset doesn't hurt, either. NICE Ltd. NICE shares have fallen 20.4% over the past year, lagging the Zacks Computer & Technology sector’s return of 29.3% and the Zacks Internet – Software industry’s growth of 30.6%. NICE’s negative share price movement has been led by the consistent decline in service revenue over the past few quarters due to the ongoing transition to cloud-based services. Product revenues have displayed volatility, indicating challenges such as fluctuating demand and increasing competition. These factors are expected to hurt segmental sales in the near term. Despite the challenges, the company is expected to benefit from continued growth in the cloud business and AI domain, driven by platform innovation and a growing client base. Sector rotation into technology infrastructure gives nice stock price added upside potential. Relative market strength points to sustained bullish pressure.