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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 2024-03-04 View latest technical analysis

10 day averaged volume of Newgen Software is 218113

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	853.40	862.95	868.00	844.00	0.918 times
02 Sat Mar 2024	850.25	840.25	854.00	820.00	0.196 times
01 Fri Mar 2024	833.70	861.85	870.00	823.05	0.87 times
29 Thu Feb 2024	849.15	788.90	861.90	788.85	2.722 times
28 Wed Feb 2024	788.95	830.00	834.00	776.25	0.744 times
27 Tue Feb 2024	829.85	830.00	846.00	820.55	0.76 times
26 Mon Feb 2024	829.95	830.00	845.00	812.00	1.494 times
23 Fri Feb 2024	801.25	775.00	801.25	769.00	1.356 times
22 Thu Feb 2024	763.10	742.35	764.25	742.35	0.47 times
21 Wed Feb 2024	760.00	747.95	765.00	742.00	0.443 times

My analysis of stock is bullish for shortterm, and stock might move up till 977.5 or till 1137.8. Use a stoploss of 843.89 and if this stock hits its stoploss, then it can fall down till 710.29

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	685.15
Downside Target	740.00
Downside Target	776.25
Downside Target	801.25
Downside Target	844.00
Upside Target	861.90
Upside Target	870.10
Upside Target	932.95
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	842.27
Downside Intraday Target	831.13
Upside Intraday Target	866.27
Upside Intraday Target	879.13
Upside Intraday Target	855.13

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	853.40	862.95	868.00	844.00	0.135 times
02 Sat Mar 2024	850.25	830.00	870.00	776.25	1.645 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

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
04 Mon Mar 2024	853.40	861.85	870.00	820.00	0.138 times
29 Thu Feb 2024	849.15	797.05	861.90	685.15	33.807 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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a short to mid 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.

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 BUY signal for Newgen Software in short term but the buy signal is initial and weak.

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

Newgen Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 824.85 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.