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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 2024-10-23 View latest technical analysis

10 day averaged volume of Newgen Software is 645212

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1234.00	1187.00	1270.00	1180.10	0.583 times
22 Tue Oct 2024	1188.10	1251.25	1262.75	1175.05	0.619 times
21 Mon Oct 2024	1263.85	1267.85	1291.95	1249.05	0.356 times
18 Fri Oct 2024	1257.65	1240.00	1269.85	1213.50	0.376 times
17 Thu Oct 2024	1244.40	1277.65	1291.35	1237.25	0.443 times
16 Wed Oct 2024	1269.55	1320.00	1344.00	1260.95	1.745 times
15 Tue Oct 2024	1296.00	1359.90	1397.70	1243.00	3.922 times
14 Mon Oct 2024	1350.85	1383.00	1409.50	1341.70	0.784 times
11 Fri Oct 2024	1373.30	1318.90	1401.95	1315.05	0.83 times
10 Thu Oct 2024	1314.05	1281.15	1336.95	1281.15	0.468 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1242.5, but if it comes above 1242.5, then a intra day buy could be more profitable.
If you take a sell trade below 1242.5, then use 1242.5 as stoploss and 1180.5 as target. However if you take a buy trade in stock , then use 1242.5 as stoploss and 1294.05 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	1213.50
Upside Target	1267.40
Upside Target	1291.95
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	1175.38
Downside Intraday Target	1116.77
Upside Intraday Target	1292.28
Upside Intraday Target	1350.57
Downside Intraday Target	1233.67

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1234.00	1267.85	1291.95	1175.05	0.214 times
18 Fri Oct 2024	1257.65	1383.00	1409.50	1213.50	2.282 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

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
23 Wed Oct 2024	1234.00	1349.90	1409.50	1175.05	0.77 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 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 weakening, and bulls 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 but BUY signal is weak.

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 1287.88 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.