Is Newgen Software technically bullish or bearish?

Sep 24 2025 08:15 AM IST
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As of September 23, 2025, the technical trend has shifted to a bearish stance, driven by bearish MACD, Bollinger Bands, and moving averages, despite a bullish weekly RSI.
As of 23 September 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance 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 is also bearish on the weekly, while the Dow Theory indicates a mildly bearish trend on the weekly. Although the weekly RSI shows bullish momentum, it is outweighed by the overall bearish signals from other indicators.
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