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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 2024-07-22 View latest technical analysis

10 day averaged volume of Newgen Software is 342791

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	1021.65	1000.00	1028.15	986.60	0.392 times
19 Fri Jul 2024	1004.35	1026.00	1026.00	1000.00	0.675 times
18 Thu Jul 2024	1026.00	1054.90	1054.90	976.00	2.65 times
16 Tue Jul 2024	1049.05	1044.75	1056.80	1025.05	0.504 times
15 Mon Jul 2024	1038.75	1033.00	1092.00	1015.10	1.477 times
12 Fri Jul 2024	1015.00	969.95	1044.90	956.05	2.816 times
11 Thu Jul 2024	959.20	987.25	993.75	955.00	0.399 times
10 Wed Jul 2024	975.10	952.65	985.00	930.00	0.406 times
09 Tue Jul 2024	951.40	950.50	959.00	938.35	0.198 times
08 Mon Jul 2024	944.50	934.40	954.85	931.00	0.429 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1021, but if it comes below 1021, then a intra day sell could be more profitable.
If you take a sell trade below 1021, then use 1021 as stoploss and 991.45 as target. However if you take a buy trade in stock , then use 1021 as stoploss and 1056.4 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	894.90
Downside Target	930.00
Downside Target	976.00
Upside Target	1028.15
Upside Target	1029.00
Upside Target	1035.00
Upside Target	1044.90
Upside Target	1058.10
Upside Target	1092.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	996.12
Downside Intraday Target	970.58
Upside Intraday Target	1037.67
Upside Intraday Target	1053.68
Downside Intraday Target	1012.13

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	1021.65	1000.00	1028.15	986.60	0.074 times
19 Fri Jul 2024	1004.35	1033.00	1092.00	976.00	1.249 times
12 Fri Jul 2024	1015.00	934.40	1044.90	930.00	2.047 times
05 Fri Jul 2024	954.85	973.30	1035.00	950.00	0.854 times
28 Fri Jun 2024	971.75	1020.00	1029.00	945.05	0.501 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
22 Mon Jul 2024	1021.65	973.30	1092.00	930.00	0.962 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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

ADX buy sell signal for Newgen Software stock for short term is BUY. Signal strength is Weak 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 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 in or below 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

Stock of Newgen Software is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1014.54 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.