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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 2024-10-29 View latest technical analysis

10 day averaged volume of Newgen Software is 576768

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1203.85	1231.00	1237.95	1188.65	0.21 times
28 Mon Oct 2024	1230.50	1225.00	1238.70	1202.65	0.205 times
25 Fri Oct 2024	1225.95	1246.00	1284.00	1215.45	0.341 times
24 Thu Oct 2024	1268.30	1240.05	1284.80	1240.05	0.456 times
23 Wed Oct 2024	1234.00	1187.00	1270.00	1180.10	0.652 times
22 Tue Oct 2024	1188.10	1251.25	1262.75	1175.05	0.692 times
21 Mon Oct 2024	1263.85	1267.85	1291.95	1249.05	0.398 times
18 Fri Oct 2024	1257.65	1240.00	1269.85	1213.50	0.42 times
17 Thu Oct 2024	1244.40	1277.65	1291.35	1237.25	0.496 times
16 Wed Oct 2024	1269.55	1320.00	1344.00	1260.95	1.952 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1225.3, but if it comes above 1225.3, then a intra day buy could be more profitable.
If you take a sell trade below 1225.3, then use 1225.3 as stoploss and 1170.5 as target. However if you take a buy trade in stock , then use 1225.3 as stoploss and 1270.86 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
Upside 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	1182.1
Downside Intraday Target	1160.35
Upside Intraday Target	1232.15
Upside Intraday Target	1260.45
Upside Intraday Target	1210.4

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1203.85	1225.00	1238.70	1188.65	0.164 times
25 Fri Oct 2024	1225.95	1267.85	1291.95	1175.05	0.312 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

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
29 Tue Oct 2024	1203.85	1349.90	1409.50	1175.05	0.834 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 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 Strong and stock is gaining 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 red color and prices are below the red 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 1246.1 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.