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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 2024-01-19 View latest technical analysis

10 day averaged volume of Newgen Software is 170206

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	833.65	858.00	860.90	820.00	0.64 times
18 Thu Jan 2024	835.05	868.00	868.00	827.65	0.883 times
17 Wed Jan 2024	871.20	895.00	895.00	855.90	1.399 times
16 Tue Jan 2024	900.30	880.00	901.05	850.00	2.497 times
15 Mon Jan 2024	858.15	826.00	858.15	820.00	1.05 times
12 Fri Jan 2024	817.30	814.90	817.30	793.15	1.259 times
11 Thu Jan 2024	1556.75	1580.00	1580.00	1544.60	0.893 times
10 Wed Jan 2024	1541.55	1589.00	1589.00	1505.00	0.582 times
09 Tue Jan 2024	1572.70	1622.00	1622.00	1557.00	0.432 times
08 Mon Jan 2024	1597.70	1637.00	1637.00	1590.00	0.451 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1020.4, but if it comes above 1020.4, then a intra day buy could be more profitable.
If you take a sell trade below 1020.4, then use 1020.4 as stoploss and 630.2 as target. However if you take a buy trade in stock , then use 1020.4 as stoploss and 1345.65 as target.

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	793.15
Downside Target	820.00
Upside Target	901.05
Upside Target	1110.00
Upside Target	1350.00
Upside Target	1445.00
Upside Target	1552.00
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	802.08
Downside Intraday Target	770.52
Upside Intraday Target	883.13
Upside Intraday Target	932.62
Upside Intraday Target	851.57

Weekly technical analysis of Newgen Software (NEWGEN_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	833.65	1610.00	1645.00	793.15	1.318 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 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 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 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_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 gaining momentum.

MACD generated a SELL signal for Newgen Software in short term and the sell signal is strong.

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 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 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 1026.69 and Newgen Software (NEWGEN_BE) 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_BE) stock. Volume based technical analysis of Newgen Software (NEWGEN_BE) 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.