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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 2024-04-05 View latest technical analysis

10 day averaged volume of Newgen Software is 180334

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	799.05	789.00	818.95	788.00	0.719 times
04 Thu Apr 2024	790.90	798.65	803.90	786.10	0.673 times
03 Wed Apr 2024	793.25	792.45	806.25	782.80	0.714 times
02 Tue Apr 2024	794.65	800.00	831.95	790.20	3.787 times
01 Mon Apr 2024	794.45	812.00	815.00	787.65	0.847 times
28 Thu Mar 2024	795.20	809.95	809.95	785.05	0.775 times
27 Wed Mar 2024	788.00	760.10	796.45	760.10	0.838 times
26 Tue Mar 2024	764.55	770.00	770.00	754.95	0.627 times
22 Fri Mar 2024	762.95	742.15	765.00	731.10	0.484 times
21 Thu Mar 2024	738.60	725.00	746.00	725.00	0.532 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 794.5, but if it comes below 794.5, then a intra day sell could be more profitable.
If you take a sell trade below 794.5, then use 794.5 as stoploss and 762.91 as target. However if you take a buy trade in stock , then use 794.5 as stoploss and 832.5 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	676.05
Downside Target	704.70
Downside Target	754.95
Upside Target	804.95
Upside Target	831.95
Upside Target	861.90
Upside Target	870.10
Upside Target	894.90
Upside Target	1131.00
Upside Target	1167.00
Upside Target	1234.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	777.25
Downside Intraday Target	755.45
Upside Intraday Target	826.4
Upside Intraday Target	853.75
Upside Intraday Target	804.6

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	799.05	812.00	831.95	782.80	3.009 times
28 Thu Mar 2024	795.20	770.00	809.95	754.95	0.756 times
22 Fri Mar 2024	762.95	728.10	765.00	704.70	0.164 times
15 Fri Mar 2024	736.60	804.95	804.95	676.05	3.038 times
07 Thu Mar 2024	787.05	862.95	894.90	778.00	0.724 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Newgen Software (NEWGEN)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	799.05	812.00	831.95	782.80	0.221 times
28 Thu Mar 2024	795.20	861.85	894.90	676.05	1.75 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

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 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 787.67 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 positive

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