RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INDI
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Stronger technical forecast for indie Semiconductor stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The indie Semiconductor stock price gained 4.58% on the last trading day (Thursday, 28th Mar 2024), rising from $6.77 to $7.08. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.02% from a day low at $6.73 to a day high of $7.14. The price has risen in 8 of the last 10 days and is up by 11.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 932 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $22.81 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $7.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.73% during the next 3 months and, with a 90% probability hold a price between $5.03 and $6.40 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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INDI Signals & Forecast

Mostly positive signals in the chart today. The indie Semiconductor stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.56 and $6.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 19.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for indie Semiconductor stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.64 and $6.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, indie Semiconductor finds support just below today's level at $6.64. If this is broken, then the next support from accumulated volume will be at $6.25 and $5.93.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.405 between high and low, or 6.02%. For the last week, the stock has had daily average volatility of 5.80%.

Our recommended stop-loss: $6.77 (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (INDI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect indie Semiconductor to open at $6.98, and during the day (based on 14 day Average True Range), to move between $6.69 and $7.47, which gives a possible trading interval of +/-$0.392 (+/-5.54%) up or down from last closing price. If indie Semiconductor takes out the full calculated possible swing range there will be an estimated 11.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.14 (0.85%) than the support at $6.64 (6.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is indie Semiconductor stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.152 Buy Candidate Upgraded

Predicted Opening Price for indie Semiconductor of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.98 ( 1.39%) $7.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INDI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.39 4.33 %
R2 7.23 2.15 %
R1 7.14 0.796 %
Current price: 7.08
Support S1 6.83 -3.57 %
S2 6.73 -4.92 %
S3 6.58 -7.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.49 5.79 %
R2 7.24 2.26 %
R1 7.14 0.85 %
Current price 7.08
Support S1 6.64 -6.21%
S2 6.25 -11.72%
S3 5.93 -16.24%

FAQ

What is the symbol for indie Semiconductor Stock and on which exchange is it traded?
The symbol for indie Semiconductor is INDI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell indie Semiconductor Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy indie Semiconductor Stock?
indie Semiconductor Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy indie Semiconductor Stock.

What's the current price of indie Semiconductor Stock?
As of the end of day on the 2024-03-28, the price of an indie Semiconductor (INDI) share was $7.08.

What is the 52-week high and low for indie Semiconductor Stock?
The 52-week high for indie Semiconductor Stock is $10.85 and the 52-week low is $4.67.

What is the market capitalization of indie Semiconductor Stock?
As of the 2024-03-28, the market capitalization of indie Semiconductor is 1.114B.

When is the next earnings date for indie Semiconductor?
The upcoming earnings date for indie Semiconductor is May 09, 2024.
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About indie Semiconductor

indie Semiconductor indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications. It offers devices for a multitude of automotive applications spanning ultrasound for parking assistance, in cabin wireless charging, infotainment and LED lighting for enhancing the user experience, and telematics and cloud access for connectivity; and photonic... INDI Profile

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