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(Newgen) Newgen complete technical analysis [charts+indicators] | Buy/Sell Newgen | (Newgen) share price targets

Complete technical analysis of Newgen (Newgen) by charts plus indicators, forecast predictions and share price targets for Newgen (Newgen)

Showing technical analysis as on 2023-06-07 View latest technical analysis

10 day averaged volume of Newgen is 33712

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Jun 2023	674.90	692.90	692.90	669.55	0.516 times
06 Tue Jun 2023	683.35	675.00	688.20	659.20	0.828 times
05 Mon Jun 2023	666.50	684.70	693.55	661.35	1.285 times
02 Fri Jun 2023	673.05	659.80	686.55	659.80	1.199 times
01 Thu Jun 2023	657.10	649.95	670.40	638.85	0.915 times
31 Wed May 2023	637.40	630.70	648.10	628.35	0.632 times
30 Tue May 2023	630.70	620.00	634.95	620.00	0.854 times
29 Mon May 2023	620.50	634.90	635.05	613.90	0.652 times
26 Fri May 2023	627.60	616.10	635.15	616.10	1.47 times
25 Thu May 2023	618.90	619.95	633.25	608.30	0.863 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 656.1, but if it comes below 656.1, then a intra day sell could be more profitable.
If you take a sell trade below 656.1, then use 656.1 as stoploss and 623.67 as target. However if you take a buy trade in stock , then use 656.1 as stoploss and 695 as target.

Share price targets for Newgen (Newgen)

Target Type	Value
Downside Target	412.90
Downside Target	426.90
Downside Target	440.70
Downside Target	469.60
Downside Target	483.80
Downside Target	496.55
Downside Target	514.00
Downside Target	555.70
Downside Target	574.40
Downside Target	590.10
Downside Target	613.90
Downside Target	659.20
Upside Target	686.55
Upside Target	693.55

Intraday share price targets for Newgen (Newgen)

Target Type	Value
Downside Intraday Target	658.22
Downside Intraday Target	641.53
Upside Intraday Target	692.57
Upside Intraday Target	710.23
Upside Intraday Target	675.88

Weekly technical analysis of Newgen (Newgen)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Jun 2023	674.90	684.70	693.55	659.20	0.618 times
02 Fri Jun 2023	673.05	634.90	686.55	613.90	0.74 times
26 Fri May 2023	627.60	610.00	635.15	590.10	1 times
19 Fri May 2023	616.90	606.05	624.25	574.40	0.804 times
12 Fri May 2023	608.35	557.00	615.60	555.70	0.93 times

Price has moved up 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 (Newgen)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed Jun 2023	674.90	649.95	693.55	638.85	0.167 times
31 Wed May 2023	637.40	505.05	648.10	496.55	4.908 times
28 Fri Apr 2023	502.00	448.05	514.00	440.70	0.679 times
31 Fri Mar 2023	450.60	446.35	483.80	426.90	1.106 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 (Newgen)

Price action analysis of Newgen ( (Newgen) ) 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 ( (Newgen) ) 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 ( (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 stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Newgen in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Newgen 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 buy signal for Newgen in short term and BUY signal is strong.

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 is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 649.17 and Newgen (Newgen) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Newgen (Newgen) stock. Volume based technical analysis of Newgen (Newgen) stock is negative.

Newgen 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.