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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 2024-01-09 View latest technical analysis

10 day averaged volume of Newgen Software is 63484

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	1572.70	1622.00	1622.00	1557.00	1.158 times
08 Mon Jan 2024	1597.70	1637.00	1637.00	1590.00	1.209 times
05 Fri Jan 2024	1600.55	1645.00	1645.00	1584.55	1.489 times
04 Thu Jan 2024	1607.25	1597.00	1630.00	1560.00	0.947 times
03 Wed Jan 2024	1577.40	1600.00	1600.00	1552.00	0.565 times
02 Tue Jan 2024	1586.50	1590.15	1596.65	1560.00	0.801 times
01 Mon Jan 2024	1590.15	1610.00	1618.00	1563.00	0.769 times
29 Fri Dec 2023	1562.25	1566.00	1566.00	1510.95	0.783 times
28 Thu Dec 2023	1530.35	1536.00	1558.00	1525.00	0.498 times
27 Wed Dec 2023	1526.10	1505.90	1545.00	1463.00	1.119 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1580.9 as stoploss in an intra day sell trade for a target of 1502.31. However, stock will show a bullish move above 1580.9.

Share price targets for Newgen Software (NEWGEN_BE)

Target Type	Value
Downside Target	560.00
Downside Target	598.30
Downside Target	635.15
Downside Target	1110.00
Downside Target	1350.00
Downside Target	1445.00
Downside Target	1552.00
Downside Target	1557.00
Downside 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	1540.8
Downside Intraday Target	1508.9
Upside Intraday Target	1620.8
Upside Intraday Target	1668.9
Upside Intraday Target	1588.9

Weekly technical analysis of Newgen Software (NEWGEN_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	1572.70	1637.00	1637.00	1557.00	0.518 times
05 Fri Jan 2024	1600.55	1610.00	1645.00	1552.00	1.083 times
29 Fri Dec 2023	1562.25	1463.00	1566.00	1445.00	0.995 times
22 Fri Dec 2023	1438.55	1455.00	1470.00	1350.00	0.448 times
15 Fri Dec 2023	1452.50	1439.95	1477.65	1365.00	1.934 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
09 Tue Jan 2024	1572.70	1610.00	1645.00	1552.00	0.289 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
08 Fri Oct 2021	598.30	585.00	598.30	566.00	0.371 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_BE)

Price action analysis of Newgen Software ( (NEWGEN_BE) ) based on a short 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_BE) ) 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_BE) ) based on a short to mid 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_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 BUY. Signal strength is Strong and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Newgen Software in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1578.06 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 positive

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