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(NEWGEN) Newgen Software complete technical analysis [charts+indicators] | Buy/Sell Newgen Software | (NEWGEN) share price targets

Complete technical analysis of Newgen Software (NEWGEN) by charts plus indicators, forecast predictions and share price targets for Newgen Software (NEWGEN)

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Newgen Software is 183849

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	763.10	742.35	764.25	742.35	0.558 times
21 Wed Feb 2024	760.00	747.95	765.00	742.00	0.526 times
20 Tue Feb 2024	749.95	751.00	782.70	740.00	1.12 times
19 Mon Feb 2024	754.45	774.40	785.00	748.75	1.081 times
16 Fri Feb 2024	788.15	804.90	804.90	774.40	1.433 times
15 Thu Feb 2024	770.85	758.00	772.15	746.85	1.341 times
14 Wed Feb 2024	735.40	699.85	744.00	685.15	1.161 times
13 Tue Feb 2024	719.35	757.00	757.00	719.35	0.817 times
12 Mon Feb 2024	757.20	797.05	797.05	757.20	0.655 times
01 Wed Nov 2023	1144.00	1159.70	1167.00	1131.00	0.505 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 771.3, but if it comes above 771.3, then a intra day buy could be more profitable.
If you take a sell trade below 771.3, then use 771.3 as stoploss and 541.9 as target. However if you take a buy trade in stock , then use 771.3 as stoploss and 962.51 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	685.15
Downside Target	740.00
Upside Target	785.00
Upside Target	804.90
Upside Target	870.10
Upside Target	917.55
Upside Target	999.95
Upside Target	1029.45
Upside Target	1079.10
Upside Target	1131.00
Upside Target	1167.00
Upside Target	1185.00
Upside Target	1217.00
Upside Target	1234.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	740.4
Downside Intraday Target	717.7
Upside Intraday Target	785.4
Upside Intraday Target	807.7
Downside Intraday Target	762.7

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	763.10	774.40	785.00	740.00	0.608 times
16 Fri Feb 2024	788.15	797.05	804.90	685.15	1.792 times
01 Wed Nov 2023	1144.00	1172.00	1217.00	1079.10	0.391 times
27 Fri Oct 2023	1209.80	1142.00	1234.00	1029.45	0.352 times
20 Fri Oct 2023	1129.25	920.80	1185.00	917.55	7.409 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Newgen Software (NEWGEN)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	763.10	797.05	804.90	685.15	17.196 times
01 Wed Nov 2023	1144.00	1159.70	1167.00	1131.00	0.013 times
31 Tue Oct 2023	1125.75	904.70	1234.00	870.10	2.23 times
29 Fri Sep 2023	900.55	842.85	932.95	806.05	0.487 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Newgen Software (NEWGEN)

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Newgen Software ( (NEWGEN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Newgen Software stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Newgen Software in short term and the sell signal is strong.

Newgen Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Newgen Software in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Newgen Software is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 778.47 and Newgen Software (NEWGEN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Newgen Software (NEWGEN) stock. Volume based technical analysis of Newgen Software (NEWGEN) stock is negative.

Newgen Software Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.