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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 2024-07-03 View latest technical analysis

10 day averaged volume of Newgen Software is 258538

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	1000.25	999.00	1014.00	997.00	0.331 times
02 Tue Jul 2024	989.60	1020.00	1028.00	983.35	0.401 times
01 Mon Jul 2024	1004.95	973.30	1011.00	972.50	0.501 times
28 Fri Jun 2024	971.75	974.00	988.40	968.05	0.279 times
27 Thu Jun 2024	965.30	962.60	983.70	955.05	0.45 times
26 Wed Jun 2024	974.65	1020.00	1024.30	945.05	0.571 times
25 Tue Jun 2024	1012.65	1010.00	1029.00	982.80	0.946 times
24 Mon Jun 2024	1000.30	1020.00	1029.00	977.95	0.976 times
21 Fri Jun 2024	1004.90	964.00	1017.95	963.80	1.951 times
20 Thu Jun 2024	950.25	939.85	971.90	936.35	0.64 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 993.9, but if it comes below 993.9, then a intra day sell could be more profitable.
If you take a sell trade below 993.9, then use 993.9 as stoploss and 955.09 as target. However if you take a buy trade in stock , then use 993.9 as stoploss and 1040.6 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	880.05
Downside Target	913.05
Downside Target	945.05
Downside Target	968.00
Downside Target	995.00
Upside Target	1017.95
Upside Target	1028.00
Upside Target	1029.00
Upside Target	1058.10

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	972.5
Downside Intraday Target	944.75
Upside Intraday Target	1028
Upside Intraday Target	1055.75
Downside Intraday Target	1000.25

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	1000.25	973.30	1028.00	972.50	0.383 times
28 Fri Jun 2024	971.75	1020.00	1029.00	945.05	0.501 times
21 Fri Jun 2024	1004.90	917.70	1017.95	880.05	2.709 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

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
03 Wed Jul 2024	1000.25	973.30	1028.00	972.50	0.074 times
28 Fri Jun 2024	971.75	959.35	1029.00	780.00	0.905 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

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 term time period is neutral. A longer time frame might give a better analysis.

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 stronger in this stock.

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 but buying is losing 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 992.96 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.