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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 2024-04-16 View latest technical analysis

10 day averaged volume of Newgen Software is 217856

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	768.00	747.60	773.95	747.00	0.633 times
15 Mon Apr 2024	752.00	761.00	773.10	740.15	0.741 times
12 Fri Apr 2024	774.15	814.10	814.10	768.40	0.673 times
10 Wed Apr 2024	806.05	842.00	842.60	800.00	0.597 times
09 Tue Apr 2024	831.10	825.00	854.00	818.25	1.753 times
08 Mon Apr 2024	818.15	816.00	826.90	801.85	0.657 times
05 Fri Apr 2024	799.05	789.00	818.95	788.00	0.595 times
04 Thu Apr 2024	790.90	798.65	803.90	786.10	0.557 times
03 Wed Apr 2024	793.25	792.45	806.25	782.80	0.591 times
02 Tue Apr 2024	794.65	800.00	831.95	790.20	3.135 times

My analysis of stock is bearish for shortterm, and stock might move down till 739.9 or till 700.1. Use a stoploss of 773.02 and if the stock hits stoploss, then it can shoot up till 806.18

Share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Target	676.05
Downside Target	704.70
Downside Target	740.15
Downside Target	754.95
Upside Target	809.95
Upside Target	831.95
Upside Target	854.00
Upside Target	861.90
Upside Target	870.10
Upside Target	894.90
Upside Target	1131.00
Upside Target	1167.00
Upside Target	1234.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type	Value
Downside Intraday Target	747.45
Downside Intraday Target	726.9
Upside Intraday Target	781.25
Upside Intraday Target	794.5
Downside Intraday Target	760.7

Weekly technical analysis of Newgen Software (NEWGEN)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	768.00	761.00	773.95	740.15	0.373 times
12 Fri Apr 2024	774.15	816.00	854.00	768.40	0.66 times
05 Fri Apr 2024	799.05	812.00	831.95	782.80	3.009 times
28 Thu Mar 2024	795.20	770.00	809.95	754.95	0.756 times
22 Fri Mar 2024	762.95	728.10	765.00	704.70	0.164 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
16 Tue Apr 2024	768.00	812.00	854.00	740.15	0.422 times
28 Thu Mar 2024	795.20	861.85	894.90	676.05	1.75 times
29 Thu Feb 2024	849.15	797.05	861.90	685.15	33.807 times
01 Wed Nov 2023	1144.00	1159.70	1167.00	1131.00	0.013 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Newgen Software ( (NEWGEN) ) based on a mid to longer 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.

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 BUY signal for Newgen Software in short term but the buy 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 moving up

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 and selling is picking up 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 797.02 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.