INDIE SEMICONDUCTOR INC-A (INDI) Stock Technical Analysis
USA - NASDAQ:INDI - US45569U1016 - Common Stock
5.32 USD
-0.19 (-3.45%)
5.34 USD
+0.02 (+0.38%)
Taking everything into account, INDI scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, INDI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
INDI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INDI is lagging the market slightly.
In the last month INDI has a been trading in the 3.60 - 6.05 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
INDI has an average volume of 4389760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that INDI is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
INDI is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 63% of 112 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although INDI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.50
5.37
4 important support areas can be observed.
- A support zone ranging from 4.32 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.97 to 3.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.63 from a horizontal line in the daily time frame.
- Support @3.54 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for INDI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INDI is up. |
| ChartMill Relative Strength | 87.21 | POSITIVE | INDI has a high relative strength, it outperformed 87.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INDI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INDI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INDI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.65 | NEUTRAL | The RSI value for INDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests INDI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.22 | NEUTRAL | The Stochastics value for INDI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for INDI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.01 | POSITIVE | The high ADX value value for INDI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.32
-0.19 (-3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.45%
1 Week28.19%
2 Weeks24.3%
1 Month46.56%
3 Month13.68%
6 Month178.53%
12 Month44.96%
2 Year8.79%
3 Year-31.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%6.63%
ATR Inc17.01%
Range Today0.24
ADR(20)0.33
ADR(20)%6.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.21
Mansfield3.31
10 Day High6.05
10 Day Low4.1
20 Day High6.05
20 Day Low3.6
52 Week High6.05
52 Week Low1.53
CS1 End4.34
CR1 StartN/A
Volume & EV
DER(3)-2.99%
DER(5)0.64%
Volume4.70M
Volume Incr114.53%
Vol(5)9.01M
Vol(50)4.39M