INDIE SEMICONDUCTOR INC-A (INDI) Technical Analysis
NASDAQ:INDI • US45569U1016
Overall INDI gets a technical rating of 0 out of 10. INDI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, INDI is a bad performer in the overall market: 82% of all stocks are doing better.
- INDI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 81% are performing better than INDI.
- INDI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INDI is lagging the market.
- In the last month INDI has a been trading in the 2.32 - 3.91 range, which is quite wide. It is currently trading near the lows of this range.
- INDI has an average volume of 4542030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of INDI is bad and it also does not present a quality setup 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
2.46
We can see 5 important resistance areas.
- Resistance @2.62 from a horizontal line in the daily time frame.
- Resistance @3.28 from a trend line in the daily time frame.
- A resistance zone ranging from 3.80 to 3.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.62 from a horizontal line in the daily time frame.
- Resistance @5.48 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for INDI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDI is down. |
| ChartMill Relative Strength | 18.15 | NEGATIVE | INDI has a low relative strength, it was outperformed by 81.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDI is below 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) | DOWN | NEGATIVE | The current price of INDI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.04 | OVERSOLD | The low RSI value suggests INDI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests INDI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.46 | OVERSOLD | The low Stochastics value suggests INDI may be oversold. |
| Average True Range in percent/ATR (20) | 10.42 | HIGH VOLATILITY | The high ATR as a percentage value for INDI suggests high volalility. |
| Average Directional Index/ADX (14) | 36.09 | POSITIVE | The high ADX value value for INDI suggests a strong trend. |
INDI Technicals: Chart, Performance Metrics, Trend & Indicators
2.48
+0.04 (+1.64%)
INDIE SEMICONDUCTOR INC-A / INDI FAQ
What is the ChartMill technical rating of INDIE SEMICONDUCTOR INC-A (INDI) stock?
ChartMill assigns a technical rating of 0 / 10 to INDI.
What is the trend direction for INDI stock?
The current trend direction for INDIE SEMICONDUCTOR INC-A (INDI) is Bearish.
What is the RSI signal for INDI stock?
INDIE SEMICONDUCTOR INC-A (INDI) has an RSI value of 26.0422. This indicates that the stock is currently oversold.
Can you provide the MACD signal for INDIE SEMICONDUCTOR INC-A?
The MACD indicator for INDIE SEMICONDUCTOR INC-A (INDI) has a value of -0.0647333, indicating a bearish trend.
Can you provide the buy/sell signal for INDIE SEMICONDUCTOR INC-A?
The buy/sell signal for INDIE SEMICONDUCTOR INC-A (INDI) is sell as both the short term and long term trends are negative.