540900 NEWS why is Newgen price falling or rising

540900 NEWS reasons for why stock price of Newgen is falling or rising

540900 Newgen is falling or rising technical reasons

Technical analysis forecast for Newgen Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Newgen 540900 at this time. Stock is falling and might fall more.

It appears as if Newgen 540900 gave a large move recently.

Stock of Newgen (540900) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Newgen is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 739.7 as stoploss in an intra day buy trade for a target of 767.34. However, stock will show a bearish move below 739.7.

540900 Newgen is falling or rising NEWS fundamental reasons

More announcements and NEWS

540900 Newgen current price & indicator signals

Moving Averages for Newgen

  • 5Day Average: 741.06
  • 12Day Average: 771.28
  • 20Day Average: 776.91
  • 50Day Average: 776.75
  • 100Day Average: 1007
  • 150Day Average: 1025.13
  • 200Day Average: 974.22

540900 Indicators & signals

Indicator MACD (12,26,9)

760.26, 773.15, -9.87
Indicator MACD is in negative zone

Indicator ADX (14)

31.93, 17.71, 34.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 38
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of 540900 Newgen are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Wed Apr 2024 751.55 745.80 to 759.95 0.75% 1.1 times
23 Tue Apr 2024 745.95 734.45 to 749.15 1.37% 0.36 times
22 Mon Apr 2024 735.90 733.60 to 748.75 0.24% 0.77 times
19 Fri Apr 2024 734.15 723.95 to 744.00 -0.49% 1.02 times
18 Thu Apr 2024 737.75 733.00 to 761.75 -3.92% 0.64 times
16 Tue Apr 2024 767.85 745.00 to 773.00 2.07% 0.91 times
15 Mon Apr 2024 752.25 626.05 to 773.00 -2.97% 1.92 times
12 Fri Apr 2024 775.25 769.00 to 808.05 -3.93% 1.81 times
10 Wed Apr 2024 806.95 799.75 to 842.00 -2.99% 1.34 times
09 Tue Apr 2024 831.80 821.80 to 854.05 1.73% 0.85 times
08 Mon Apr 2024 817.65 800.75 to 827.00 2.42% 0.37 times
05 Fri Apr 2024 798.35 785.05 to 818.00 1.02% 0.57 times

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540900 NEWS why is Newgen price falling or rising

 

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