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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 2024-10-17 View latest technical analysis

10 day averaged volume of Newgen Software is 661084

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	1244.40	1277.65	1291.35	1237.25	0.433 times
16 Wed Oct 2024	1269.55	1320.00	1344.00	1260.95	1.703 times
15 Tue Oct 2024	1296.00	1359.90	1397.70	1243.00	3.828 times
14 Mon Oct 2024	1350.85	1383.00	1409.50	1341.70	0.765 times
11 Fri Oct 2024	1373.30	1318.90	1401.95	1315.05	0.81 times
10 Thu Oct 2024	1314.05	1281.15	1336.95	1281.15	0.457 times
09 Wed Oct 2024	1269.50	1257.00	1314.90	1244.05	0.447 times
08 Tue Oct 2024	1249.30	1245.00	1300.00	1232.10	0.587 times
07 Mon Oct 2024	1256.40	1298.00	1368.00	1248.00	0.809 times
04 Fri Oct 2024	1294.30	1319.95	1324.60	1270.05	0.268 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1267.7, but if it comes above 1267.7, then a intra day buy could be more profitable.
If you take a sell trade below 1267.7, then use 1267.7 as stoploss and 1217.9 as target. However if you take a buy trade in stock , then use 1267.7 as stoploss and 1309.26 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	780.00
Downside Target	930.00
Downside Target	1029.00
Downside Target	1134.90
Downside Target	1232.10
Upside Target	1267.40
Upside Target	1350.05
Upside Target	1401.95
Upside Target	1409.50
Upside Target	1440.95
Upside Target	1548.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	1184.6
Downside Intraday Target	1124.8
Upside Intraday Target	1356.85
Upside Intraday Target	1469.3
Upside Intraday Target	1297.05

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	1244.40	1383.00	1409.50	1237.25	2.164 times
11 Fri Oct 2024	1373.30	1298.00	1401.95	1232.10	2.063 times
04 Fri Oct 2024	1294.30	1427.20	1440.95	1267.40	0.176 times
27 Fri Sep 2024	1414.75	1325.00	1548.00	1276.05	2.582 times
20 Fri Sep 2024	1323.05	1225.00	1350.05	1157.05	1.28 times

Price has moved down 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
17 Thu Oct 2024	1244.40	1349.90	1409.50	1232.10	0.656 times
30 Mon Sep 2024	1341.35	1121.90	1548.00	1035.25	3.044 times
30 Fri Aug 2024	1114.50	1034.95	1134.90	940.05	0.58 times
31 Wed Jul 2024	1029.20	973.30	1156.95	930.00	1.442 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 coming down

CCI has generated a SELL signal for Newgen Software in short term and SELL 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 1293.4 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.