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(NEWGEN_BE) Newgen Software complete technical analysis [charts+indicators] | Buy/Sell Newgen Software | (NEWGEN_BE) share price targets

Complete technical analysis of Newgen Software (NEWGEN_BE) by charts plus indicators, forecast predictions and share price targets for Newgen Software (NEWGEN_BE)

Showing technical analysis as on 2024-02-07 View latest technical analysis

10 day averaged volume of Newgen Software is 204999

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	821.70	857.00	857.00	819.95	0.414 times
06 Tue Feb 2024	841.65	808.70	849.00	790.05	1.247 times
05 Mon Feb 2024	808.70	844.10	850.00	802.00	0.829 times
02 Fri Feb 2024	844.10	863.60	867.00	835.00	0.484 times
01 Thu Feb 2024	863.60	867.00	878.95	844.00	0.985 times
31 Wed Jan 2024	849.80	840.00	850.00	819.00	0.77 times
30 Tue Jan 2024	843.65	859.90	860.00	835.00	0.34 times
29 Mon Jan 2024	844.50	865.00	869.90	831.00	0.89 times
25 Thu Jan 2024	860.55	832.00	865.00	832.00	2.053 times
24 Wed Jan 2024	828.50	820.00	833.00	785.10	0.964 times

My analysis of stock is bearish for shortterm, and stock might move down till 699.9 or till 444.2. Use a stoploss of 913 and if the stock hits stoploss, then it can shoot up till 1126.11

Share price targets for Newgen Software (NEWGEN_BE)

Target Type	Value
Downside Target	566.00
Downside Target	598.30
Downside Target	785.10
Downside Target	819.00
Upside Target	857.00
Upside Target	901.05
Upside Target	1110.00
Upside Target	1350.00
Upside Target	1457.25
Upside Target	1566.00
Upside Target	1637.00
Upside Target	1645.00

Intraday share price targets for Newgen Software (NEWGEN_BE)

Target Type	Value
Downside Intraday Target	788.83
Downside Intraday Target	755.97
Upside Intraday Target	855.78
Upside Intraday Target	889.87
Upside Intraday Target	822.92

Weekly technical analysis of Newgen Software (NEWGEN_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	821.70	844.10	857.00	790.05	0.718 times
02 Fri Feb 2024	844.10	865.00	878.95	819.00	0.681 times
25 Thu Jan 2024	860.55	818.00	865.00	785.10	0.948 times
19 Fri Jan 2024	833.65	826.00	901.05	820.00	1.789 times
12 Fri Jan 2024	817.30	1637.00	1637.00	793.15	2.121 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	821.70	867.00	878.95	790.05	0.234 times
31 Wed Jan 2024	849.80	1610.00	1645.00	785.10	2.272 times
29 Fri Dec 2023	1562.25	1462.00	1566.00	1350.00	0.967 times
30 Thu Nov 2023	1455.65	1142.00	1457.25	1110.00	3.877 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_BE)

Price action analysis of Newgen Software ( (NEWGEN_BE) ) 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_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Newgen Software ( (NEWGEN_BE) ) 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_BE) ) 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 losing momentum.

MACD generated a BUY signal for Newgen Software in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Newgen Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Newgen Software in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 844.2 and Newgen Software (NEWGEN_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Newgen Software (NEWGEN_BE) stock. Volume based technical analysis of Newgen Software (NEWGEN_BE) stock is negative.

Newgen Software Stock is giving positive 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.