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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 2024-02-26 View latest technical analysis

10 day averaged volume of Newgen Software is 189364

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	829.95	830.00	845.00	812.00	1.721 times
23 Fri Feb 2024	801.25	775.00	801.25	769.00	1.562 times
22 Thu Feb 2024	763.10	742.35	764.25	742.35	0.542 times
21 Wed Feb 2024	760.00	747.95	765.00	742.00	0.51 times
20 Tue Feb 2024	749.95	751.00	782.70	740.00	1.088 times
19 Mon Feb 2024	754.45	774.40	785.00	748.75	1.049 times
16 Fri Feb 2024	788.15	804.90	804.90	774.40	1.391 times
15 Thu Feb 2024	770.85	758.00	772.15	746.85	1.302 times
14 Wed Feb 2024	735.40	699.85	744.00	685.15	1.127 times
13 Tue Feb 2024	719.35	757.00	757.00	719.35	0.793 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 745 as stoploss in an intra day buy trade for a target of 936.13. However, stock will show a bearish move below 745.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	685.15
Downside Target	740.00
Downside Target	801.25
Upside Target	845.00
Upside Target	870.10
Upside Target	932.95
Upside Target	999.95
Upside Target	1029.45
Upside Target	1079.10
Upside Target	1131.00
Upside Target	1167.00
Upside Target	1217.00
Upside Target	1234.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	812.97
Downside Intraday Target	795.98
Upside Intraday Target	845.97
Upside Intraday Target	861.98
Downside Intraday Target	828.98

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	829.95	830.00	845.00	812.00	0.362 times
23 Fri Feb 2024	801.25	774.40	801.25	740.00	0.905 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

Price has moved up 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
26 Mon Feb 2024	829.95	797.05	845.00	685.15	23.887 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short to mid 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Newgen Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 774.71 and Newgen Software (NEWGEN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.