0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

One NASDAQ-Listed Semiconductor Stock at Resistance Level: Indie Semiconductor Inc

Jun 06, 2024 | Team Kalkine
One NASDAQ-Listed Semiconductor Stock at Resistance Level: Indie Semiconductor Inc

INDI:NASDAQ
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Indie Semiconductor Inc

Company Overview: Indie Semiconductor, Inc. (NASDAQ: INDI) offers automotive semiconductors and software solutions for advanced driver assistance systems (ADAS), driver automation, in-cabin, user experience (including connected car) and electrification applications. The Company is focused on edge sensors across multiple modalities spanning light detection and ranging (LiDAR), radar, ultrasound, and computer vision. It is an approved vendor to Tier 1 automotive suppliers and its platforms can be found in marquee automotive manufacturers around the world.

As per our previous US Daily report published on ‘INDI’ on 28th May 2024, Kalkine provided an ‘Speculative Buy’ stance on the stock at USD 6.44 based on price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis and the stock price has now moved by ~17.54% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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