We assign a technical rating of 1 out of 10 to INDI. INDI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
INDI has a poor technical rating and the quality of the setup is also only medium 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.
3.31
3 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for INDI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INDI is neutral. |
| ChartMill Relative Strength | 22.69 | NEGATIVE | INDI has a low relative strength, it was outperformed by 77.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of INDI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INDI is below a declining 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) | 49.11 | NEUTRAL | The RSI value for INDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests INDI has a positive trend. |
| Stochastics (14,3) | 70.6 | NEUTRAL | The Stochastics value for INDI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for INDI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.84 | NEGATIVE | The low ADX value for INDI suggests a weak or negative trend. |
3.88
-0.17 (-4.2%)
ChartMill assigns a technical rating of 1 / 10 to INDI.
The current trend direction for INDIE SEMICONDUCTOR INC-A (INDI) is Bearish.
INDIE SEMICONDUCTOR INC-A (INDI) has an RSI value of 49.1074. This indicates that the stock is currently neutral.
The MACD indicator for INDIE SEMICONDUCTOR INC-A (INDI) has a value of 0.0357812, indicating a bearish trend.