Is Newgen Software technically bullish or bearish?
As of July 24, 2025, the market trend is mildly bearish, supported by bearish MACD and moving averages, while mixed signals from KST and OBV suggest a cautious outlook.
As of 24 July 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with key indicators supporting this view. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart, while Bollinger Bands indicate bearish conditions on both time frames. Moving averages on the daily chart are also bearish. However, the KST shows a bullish signal on the weekly chart, and the Dow Theory indicates a mildly bearish stance on the weekly but mildly bullish on the monthly. The OBV reflects a mildly bearish trend on the weekly but bullish on the monthly. Overall, the mixed signals suggest a cautious outlook with a slight bearish bias.
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