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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 2024-08-06 View latest technical analysis

10 day averaged volume of Newgen Software is 269303

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	958.25	967.50	1000.00	950.00	1.092 times
05 Mon Aug 2024	955.70	976.00	994.00	940.05	1.112 times
02 Fri Aug 2024	1021.25	1044.10	1051.35	1012.00	0.447 times
01 Thu Aug 2024	1055.50	1034.95	1082.50	1034.95	0.791 times
31 Wed Jul 2024	1029.20	1024.80	1048.60	1010.00	0.554 times
30 Tue Jul 2024	1024.80	1070.00	1080.50	1018.30	0.711 times
29 Mon Jul 2024	1070.00	1077.00	1125.00	1062.05	1.235 times
26 Fri Jul 2024	1077.65	1060.35	1084.00	1054.75	0.449 times
25 Thu Jul 2024	1060.35	1074.00	1087.55	1037.10	0.508 times
24 Wed Jul 2024	1087.55	1070.00	1156.95	1061.70	2.241 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 980.3, but if it comes above 980.3, then a intra day buy could be more profitable.
If you take a sell trade below 980.3, then use 980.3 as stoploss and 930.4 as target. However if you take a buy trade in stock , then use 980.3 as stoploss and 1021.93 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	724.10
Downside Target	780.00
Downside Target	842.30
Downside Target	930.00
Upside Target	976.00
Upside Target	1044.90
Upside Target	1058.10
Upside Target	1082.50
Upside Target	1092.00
Upside Target	1125.00
Upside Target	1156.95

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	932.2
Downside Intraday Target	906.15
Upside Intraday Target	992.15
Upside Intraday Target	1026.05
Upside Intraday Target	966.1

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	958.25	976.00	1000.00	940.05	0.59 times
02 Fri Aug 2024	1021.25	1077.00	1125.00	1010.00	0.662 times
26 Fri Jul 2024	1077.65	1000.00	1156.95	986.60	0.836 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

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
06 Tue Aug 2024	958.25	1034.95	1082.50	940.05	0.15 times
31 Wed Jul 2024	1029.20	973.30	1156.95	930.00	1.442 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

Scroll below to view daily charts

Price has moved down 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 to mid 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Newgen Software in short term but the sell signal is initial and weak.

Newgen Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but BUY signal is weak.

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 1037.25 and Newgen Software (NEWGEN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.