(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 120700
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 932.40 | 954.20 | 961.30 | 922.05 | 1.029 times |
| 21 Tue May 2024 | 948.35 | 958.00 | 989.95 | 940.00 | 1.047 times |
| 20 Mon May 2024 | 986.50 | 996.15 | 1008.85 | 981.00 | 0.149 times |
| 17 Fri May 2024 | 996.15 | 981.10 | 1000.00 | 977.70 | 0.669 times |
| 16 Thu May 2024 | 983.80 | 994.45 | 1019.80 | 976.50 | 0.941 times |
My analysis of stock is bearish for shortterm, and stock might move down till 867.3 or till 780. Use a stoploss of 940 and if the stock hits stoploss, then it can shoot up till 1012.71
Share price targets for Newgen Software (NEWGEN)
| Target Type | Value |
| Downside Target | 676.05 |
| Downside Target | 724.10 |
| Downside Target | 799.95 |
| Downside Target | 832.00 |
| Downside Target | 861.90 |
| Downside Target | 894.90 |
| Downside Target | 918.00 |
| Upside Target | 995.00 |
| Upside Target | 1019.80 |
| Upside Target | 1050.00 |
| Upside Target | 1058.10 |
| Upside Target | 1131.00 |
| Upside Target | 1167.00 |
Intraday share price targets for Newgen Software (NEWGEN)
| Target Type | Value |
| Downside Intraday Target | 900.02 |
| Downside Intraday Target | 867.63 |
| Upside Intraday Target | 986.82 |
| Upside Intraday Target | 1041.23 |
| Upside Intraday Target | 954.43 |
Weekly technical analysis of Newgen Software (NEWGEN)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Wed May 2024 | 932.40 | 996.15 | 1008.85 | 922.05 | 0.44 times |
| 17 Fri May 2024 | 996.15 | 986.80 | 1019.80 | 921.00 | 0.624 times |
| 10 Fri May 2024 | 979.95 | 1034.40 | 1058.10 | 940.00 | 0.186 times |
| 03 Fri May 2024 | 1022.25 | 808.90 | 1050.00 | 799.95 | 7.021 times |
| 26 Fri Apr 2024 | 805.60 | 739.95 | 832.00 | 734.55 | 1.22 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 |
| 22 Wed May 2024 | 932.40 | 936.00 | 1058.10 | 918.00 | 0.551 times |
| 30 Tue Apr 2024 | 929.05 | 812.00 | 995.00 | 724.10 | 1.231 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 22, 21, 3 | Buy |
| MACD | 67, 75 | Sell |
| Stochastics | 35 | None |
| CCI | -130 | Sell |
| RSI | 44 | Sell |
| OBV | 5954580 | Sell |
| VWAP | 963 | Sell |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Newgen Software ( (NEWGEN) ) based on a short 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 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) ) 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 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 Weak 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 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 in or above 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 962.84 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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