Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-16 View latest technical analysis

10 day averaged volume of Newgen Software is 178616

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1085.85	1026.60	1098.00	1026.60	2.07 times
14 Wed Aug 2024	1026.60	1040.00	1041.30	1015.55	0.6 times
13 Tue Aug 2024	1036.60	1046.80	1067.20	1025.30	0.723 times
12 Mon Aug 2024	1046.75	1015.75	1079.50	1015.75	1.278 times
09 Fri Aug 2024	1030.75	1025.25	1054.55	1021.55	0.735 times
08 Thu Aug 2024	1014.45	962.10	1024.75	962.10	0.965 times
07 Wed Aug 2024	976.70	970.00	990.00	960.35	0.508 times
06 Tue Aug 2024	958.25	967.50	1000.00	950.00	1.646 times
05 Mon Aug 2024	955.70	976.00	994.00	940.05	1.677 times
02 Fri Aug 2024	1021.25	1044.10	1051.35	1012.00	0.675 times

Stock of Newgen Software (NEWGEN) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1069.2, but if it comes below 1069.2, then a intra day sell could be more profitable.
If you take a sell trade below 1069.2, then use 1069.2 as stoploss and 1032.09 as target. However if you take a buy trade in stock , then use 1069.2 as stoploss and 1113.6 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
Downside Target	976.00
Downside Target	1054.55
Downside Target	1058.10
Upside Target	1092.00
Upside Target	1098.00
Upside Target	1125.00
Upside Target	1156.95

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	1034.93
Downside Intraday Target	984.02
Upside Intraday Target	1117.38
Upside Intraday Target	1148.92
Downside Intraday Target	1066.47

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	1085.85	1015.75	1098.00	1015.55	0.845 times
09 Fri Aug 2024	1030.75	976.00	1054.55	940.05	0.981 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

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
16 Fri Aug 2024	1085.85	1034.95	1098.00	940.05	0.349 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 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 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 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 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 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 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 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 1016.17 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.