National Research Corp

In Stage 4 decline, sustained lower highs and lower lows with price under sloping EMAs and moving averages confirms a downtrend. The active Lower Highs & Lower Lows pattern signals supply dominance and bearish control. Absence of mean reversion eligibility further supports a bearish medium-term bias. Tactically, selling into rallies toward the 9/20/50 EMA region is preferred, deferring execution until price approaches structural resistance.

• ↑Total Recurring Contract Value reached $152M (↑13% YoY)
• ↑Revenue grew 4% YoY to $35M in Q1 2026
• ↓Major client concentration exposes revenue to deal losses