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Stock analysis Newgen Software Tech Ltd NEWGEN

More indepth analysis on MunafaSutra.com

Moving Averages for Newgen Software Tech Ltd

  • 5Day Average: 831.44
  • 12Day Average: 783.63
  • 20Day Average: 791.56
  • 50Day Average: 783.85
  • 100Day Average: 855.52
  • 150Day Average: 821.82
  • 200Day Average: 754.41

NEWGEN Indicators & signals

Indicator MACD (12,26,9)

809.08, 795.87, -3.51
Indicator MACD is in positive zone

Indicator ADX (14)

55.6, 45.86, 13.09
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of NEWGEN Newgen Software Tech Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 929.05 856.00 to 995.00 7.22% 15.08 times
29 Mon Apr 2024 866.45 799.95 to 880.00 7.55% 2.8 times
26 Fri Apr 2024 805.60 796.10 to 832.00 0.21% 1.06 times
25 Thu Apr 2024 803.95 752.70 to 808.40 6.89% 1.55 times
24 Wed Apr 2024 752.15 746.00 to 758.75 0.92% 0.35 times
23 Tue Apr 2024 745.30 734.55 to 749.85 1.24% 0.56 times
22 Mon Apr 2024 736.15 734.70 to 749.95 0.43% 0.43 times
19 Fri Apr 2024 733.00 724.10 to 744.00 -0.64% 0.39 times
18 Thu Apr 2024 737.75 735.00 to 774.00 -3.94% 1.27 times
16 Tue Apr 2024 768.00 747.00 to 773.95 2.13% 0.73 times
15 Mon Apr 2024 752.00 740.15 to 773.10 -2.86% 0.85 times
12 Fri Apr 2024 774.15 768.40 to 814.10 -3.96% 0.77 times

Technical analysis forecast of Newgen Software Tech Ltd Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Newgen Software Tech Ltd NEWGEN at this time. Stock is rising and might rise more.

It appears as if Newgen Software Tech Ltd NEWGEN gave a large move recently.

Stock of Newgen Software Tech Ltd (NEWGEN) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Newgen Software Tech Ltd is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 899.3, for a target of 843.8 or 797.42

More indepth analysis on MunafaSutra.com