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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)

10 day averaged volume of Newgen Software is 353852

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 1109.85 1058.00 1148.45 1048.50 3.028 times
18 Mon Nov 2024 1044.35 1215.00 1225.15 1031.00 3.253 times
14 Thu Nov 2024 1235.10 1200.05 1248.45 1185.65 0.473 times
13 Wed Nov 2024 1199.20 1251.00 1262.60 1196.00 0.433 times
12 Tue Nov 2024 1269.30 1276.00 1320.00 1260.00 0.687 times

Stock of Newgen Software (NEWGEN) has showed a significant upmove. This could be a good time to enter in 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 1100.8, for a target of 1176 or 1238.7

Share price targets for Newgen Software (NEWGEN)

Target Type Value
Downside Target 930.00
Downside Target 1031.00
Upside Target 1134.90
Upside Target 1251.30
Upside Target 1252.00
Upside Target 1302.60
Upside Target 1320.00
Upside Target 1327.25
Upside Target 1409.50
Upside Target 1548.00

Intraday share price targets for Newgen Software (NEWGEN)

Target Type Value
Downside Intraday Target 1018.85
Downside Intraday Target 927.85
Upside Intraday Target 1213
Upside Intraday Target 1316.15
Upside Intraday Target 1122

Weekly technical analysis of Newgen Software (NEWGEN)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 1109.85 1215.00 1225.15 1031.00 3.284 times
14 Thu Nov 2024 1235.10 1250.00 1320.00 1185.65 0.781 times
08 Fri Nov 2024 1263.50 1297.00 1327.25 1251.30 2.057 times
01 Fri Nov 2024 1291.45 1204.50 1302.60 1203.85 1.131 times
30 Wed Oct 2024 1232.85 1225.00 1252.00 1188.65 0.254 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
19 Tue Nov 2024 1109.85 1283.80 1327.25 1031.00 0.396 times
31 Thu Oct 2024 1283.75 1349.90 1409.50 1175.05 0.881 times
30 Mon Sep 2024 1341.35 1121.90 1548.00 1035.25 3.044 times
30 Fri Aug 2024 1114.50 1034.95 1134.90 940.05 0.58 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 10, 35, 56 Sell
MACD -30, 2Sell
Stochastics 22Sell
CCI -150Buy
RSI 43Sell
OBV -27229Sell
VWAP 1148Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 but selling is losing 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 1148.42 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.

Click here for Newgen Software charts

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