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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 2024-05-08 View latest technical analysis

10 day averaged volume of Newgen Software is 648887

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	995.55	995.50	1010.00	982.05	0.138 times
07 Tue May 2024	995.50	1005.00	1017.00	968.85	0.319 times
06 Mon May 2024	990.35	1034.40	1058.10	981.00	0.546 times
03 Fri May 2024	1022.25	989.90	1050.00	975.00	1.28 times
02 Thu May 2024	982.55	936.00	997.40	918.00	1.608 times
30 Tue Apr 2024	929.05	872.00	995.00	856.00	4.402 times
29 Mon Apr 2024	866.45	808.90	880.00	799.95	0.818 times
26 Fri Apr 2024	805.60	807.95	832.00	796.10	0.309 times
25 Thu Apr 2024	803.95	757.00	808.40	752.70	0.451 times
24 Wed Apr 2024	752.15	749.95	758.75	746.00	0.103 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 943.2, but if it comes below 943.2, then a intra day sell could be more profitable.
If you take a sell trade below 943.2, then use 943.2 as stoploss and 842.25 as target. However if you take a buy trade in stock , then use 943.2 as stoploss and 1064.4 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	676.05
Downside Target	724.10
Downside Target	768.40
Downside Target	799.95
Downside Target	832.00
Downside Target	854.00
Downside Target	894.90
Downside Target	918.00
Downside Target	968.85
Downside Target	995.00
Upside Target	1050.00
Upside Target	1058.10
Upside Target	1131.00
Upside Target	1167.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	956.9
Downside Intraday Target	918.25
Upside Intraday Target	1046.15
Upside Intraday Target	1096.75
Upside Intraday Target	1007.5

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	995.55	1034.40	1058.10	968.85	0.124 times
03 Fri May 2024	1022.25	808.90	1050.00	799.95	7.021 times
26 Fri Apr 2024	805.60	739.95	832.00	734.55	1.22 times
19 Fri Apr 2024	733.00	761.00	774.00	724.10	0.766 times
12 Fri Apr 2024	774.15	816.00	854.00	768.40	0.66 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
08 Wed May 2024	995.55	936.00	1058.10	918.00	0.373 times
30 Tue Apr 2024	929.05	812.00	995.00	724.10	1.231 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

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 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 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 losing momentum.

MACD generated a BUY signal for Newgen Software in short term and the buy signal is strong.

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 green color and prices are above the green 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 939.6 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.