INDIE SEMICONDUCTOR INC-A (INDI) Stock Technical Analysis
NASDAQ:INDI - Nasdaq - US45569U1016 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to INDI. Recently some decent action could be observed, but in the medium term time frame this is still negative. INDI was also a bad performer in the overall market in the last year.
92% of all other stocks performed better in the past year than INDI.
INDI is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 83% of 110 stocks in the same industry do better.
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 2.18 - 3.00 range, which is quite wide. It is currently trading near the high of this range.
INDI has an average volume of 3381600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, INDI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INDI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.30
4.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.57 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.32 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.75 from a horizontal line in the weekly time frame.
- Resistance @2.82 from a trend line in the weekly time frame.
- Resistance @2.93 from a horizontal line in the daily time frame.
- Resistance @4.09 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 | DOWN | NEGATIVE | The long term trend for INDI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INDI is up. |
| ChartMill Relative Strength | 8.36 | NEGATIVE | INDI has a low relative strength, it was outperformed by 91.64% 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) | DOWN | NEGATIVE | The current price of INDI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.37 | NEUTRAL | The RSI value for INDI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INDI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.54 | NEUTRAL | The Stochastics value for INDI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for INDI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for INDI suggests a possible start of a new 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)
2.74
-0.18 (-6.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-6.16%
1 Week-3.52%
2 Weeks18.1%
1 Month28.04%
3 Month-6.48%
6 Month-36.13%
12 Month-63.12%
2 Year-70.85%
3 Year-51.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%8.21%
ATR Inc52.62%
Range Today0.24
ADR(20)0.2
ADR(20)%7.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.36
Mansfield-3.32
10 Day High3
10 Day Low2.29
20 Day High3
20 Day Low2.18
52 Week High7.8
52 Week Low1.53
CS1 End2.62
CR1 Start2.75
Volume & EV
DER(3)5.61%
DER(5)4.8%
Volume2.26M
Volume Incr17.72%
Vol(5)3.74M
Vol(50)3.38M