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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 2024-06-20 View latest technical analysis

10 day averaged volume of Newgen Software is 214087

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	950.25	939.85	971.90	936.35	0.773 times
19 Wed Jun 2024	928.50	931.65	990.00	880.05	3.967 times
18 Tue Jun 2024	924.70	917.70	931.00	900.60	0.668 times
14 Fri Jun 2024	917.70	925.00	931.35	913.05	0.571 times
13 Thu Jun 2024	924.95	945.00	946.00	921.20	0.458 times
12 Wed Jun 2024	930.75	926.00	947.00	926.00	0.441 times
11 Tue Jun 2024	933.30	959.70	959.90	930.05	0.494 times
10 Mon Jun 2024	954.85	955.00	969.70	934.70	0.904 times
07 Fri Jun 2024	949.15	888.40	954.35	885.65	1.255 times
06 Thu Jun 2024	885.55	879.00	914.00	875.65	0.75 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 937.4, but if it comes below 937.4, then a intra day sell could be more profitable.
If you take a sell trade below 937.4, then use 937.4 as stoploss and 907.19 as target. However if you take a buy trade in stock , then use 937.4 as stoploss and 973.7 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	676.05
Downside Target	724.10
Downside Target	780.00
Downside Target	842.30
Downside Target	861.90
Downside Target	913.05
Upside Target	968.00
Upside Target	969.70
Upside Target	989.95
Upside Target	990.00
Upside Target	995.00
Upside Target	1058.10

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	890.2
Downside Intraday Target	830.15
Upside Intraday Target	1000.15
Upside Intraday Target	1050.05
Downside Intraday Target	940.1

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	950.25	917.70	990.00	880.05	1.887 times
14 Fri Jun 2024	917.70	955.00	969.70	913.05	0.522 times
07 Fri Jun 2024	949.15	959.35	968.00	780.00	1.617 times
31 Fri May 2024	913.70	885.00	925.00	842.30	1.388 times
24 Fri May 2024	886.65	958.00	989.95	873.00	0.834 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
20 Thu Jun 2024	950.25	959.35	990.00	780.00	0.623 times
31 Fri May 2024	913.70	936.00	1058.10	842.30	0.699 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

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 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 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 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 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 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 BUY signal in short term and the buying is gaining 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 931.16 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.