Is Newgen Software technically bullish or bearish?

Jul 18 2025 08:08 AM IST
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As of July 17, 2025, Newgen Software's technical trend has shifted to a bearish stance, supported by bearish MACD, Bollinger Bands, and moving averages, despite some mixed signals from KST and Dow Theory.
As of 17 July 2025, the technical trend for Newgen Software has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this conclusion include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST shows a bullish signal on the weekly but is mildly bearish on the monthly, while Dow Theory indicates a mildly bearish stance on the weekly and mildly bullish on the monthly. Overall, the combination of these indicators suggests a bearish outlook for the stock.
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