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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 2025-01-22 View latest technical analysis

10 day averaged volume of Newgen Software is 834437

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	1234.05	1317.05	1317.95	1161.15	5.514 times
21 Tue Jan 2025	1311.35	1570.00	1570.00	1294.00	3.732 times
20 Mon Jan 2025	1564.75	1594.00	1696.70	1553.00	1.553 times
17 Fri Jan 2025	1586.10	1628.00	1628.15	1566.65	0.412 times
16 Thu Jan 2025	1628.70	1710.00	1715.90	1619.95	0.668 times
15 Wed Jan 2025	1755.90	1596.95	1798.90	1581.05	1.795 times
14 Tue Jan 2025	1575.35	1555.00	1588.00	1534.15	0.216 times
13 Mon Jan 2025	1579.10	1614.90	1617.15	1554.05	0.64 times
10 Fri Jan 2025	1626.60	1637.50	1638.00	1566.25	0.408 times
09 Thu Jan 2025	1606.25	1640.00	1667.40	1596.10	0.301 times

Stock of Newgen Software (NEWGEN) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1337.3, for a target of 1487.7 or 1612.98

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	1031.00
Downside Target	1150.55
Upside Target	1327.25
Upside Target	1409.50
Upside Target	1534.15
Upside Target	1696.70
Upside Target	1701.15
Upside Target	1725.00
Upside Target	1755.00
Upside Target	1798.90

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	1031.23
Downside Intraday Target	828.42
Upside Intraday Target	1566.78
Upside Intraday Target	1899.52
Upside Intraday Target	1363.97

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	1234.05	1594.00	1696.70	1161.15	2.895 times
17 Fri Jan 2025	1586.10	1614.90	1798.90	1534.15	2.415 times
10 Fri Jan 2025	1626.60	1700.00	1701.15	1566.25	0.409 times
03 Fri Jan 2025	1690.15	1617.00	1755.00	1590.25	1.078 times
27 Fri Dec 2024	1621.65	1589.00	1725.00	1570.55	0.945 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
22 Wed Jan 2025	1234.05	1725.00	1798.90	1161.15	1.146 times
31 Tue Dec 2024	1701.80	1175.05	1755.00	1150.55	2.185 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 SELL signal in short term and selling is picking up 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 1412.15 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 negative.

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