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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 2024-12-05 View latest technical analysis

10 day averaged volume of Newgen Software is 405940

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	1309.45	1310.00	1334.20	1295.75	0.923 times
04 Wed Dec 2024	1301.50	1217.00	1320.00	1215.05	4.025 times
03 Tue Dec 2024	1211.50	1174.90	1235.90	1165.00	0.598 times
02 Mon Dec 2024	1176.60	1175.05	1182.45	1150.55	0.427 times
29 Fri Nov 2024	1180.50	1153.00	1187.05	1150.00	1.043 times
28 Thu Nov 2024	1130.05	1153.70	1153.70	1108.20	0.719 times
27 Wed Nov 2024	1142.60	1149.80	1174.55	1133.10	0.346 times
26 Tue Nov 2024	1142.95	1120.00	1158.00	1120.00	0.742 times
25 Mon Nov 2024	1119.80	1081.00	1128.30	1073.00	1.033 times
22 Fri Nov 2024	1081.70	1099.85	1109.55	1078.00	0.475 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1277.1, but if it comes below 1277.1, then a intra day sell could be more profitable.
If you take a sell trade below 1277.1, then use 1277.1 as stoploss and 1195.2 as target. However if you take a buy trade in stock , then use 1277.1 as stoploss and 1375.5 as target.

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	940.05
Downside Target	1031.00
Downside Target	1073.00
Downside Target	1134.90
Downside Target	1175.05
Downside Target	1225.15
Downside Target	1251.30
Upside Target	1320.00
Upside Target	1327.25
Upside Target	1334.20
Upside Target	1409.50
Upside Target	1548.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	1195.27
Downside Intraday Target	1081.08
Upside Intraday Target	1378.92
Upside Intraday Target	1448.38
Downside Intraday Target	1264.73

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	1309.45	1175.05	1334.20	1150.55	1.538 times
29 Fri Nov 2024	1180.50	1081.00	1187.05	1073.00	0.593 times
22 Fri Nov 2024	1081.70	1215.00	1225.15	1031.00	3.925 times
14 Thu Nov 2024	1235.10	1250.00	1320.00	1185.65	0.781 times
08 Fri Nov 2024	1263.50	1297.00	1327.25	1251.30	1.311 times

Price has moved up 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
05 Thu Dec 2024	1309.45	1175.05	1334.20	1150.55	0.417 times
29 Fri Nov 2024	1180.50	1283.80	1327.25	1031.00	0.614 times
31 Thu Oct 2024	1283.75	1349.90	1409.50	1175.05	0.869 times
30 Mon Sep 2024	1341.35	1121.90	1548.00	1035.25	3.044 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 red color and prices are in or above the red 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 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 1222.7 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.