Future

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>INDI stock price: The stock is expected to be the next big thing, don’t miss out.</a> </li> 
 <li> <span>2</span> <a>The company has posted a revenue growth of 105% in its recent quarter.</a> </li> 
 <li> <span>3</span> <a>The current surge is expected to reverse the trends.</a> </li> 
</ul> 
<p>The California-based auto tech company, (NASDAQ: INDI) indie Semiconductor, Inc. facilitates the provision of automotive semiconductor and software solutions for Advanced Driver Assistance Systems (ADAS) including LiDAR, connected cars, user experience, and electrification applications.</p> 
<h2 class="wp-block-heading" id="strong-why-the-indi-stock-is-rising-strong"><strong>Why the INDI Stock is Rising?</strong></h2> 
<p>On Monday, INDI stock price rose more than 15%. It was due to a positive announcement from the management. Indie Semiconductor announced that its revenue expectations for the third quarter are high. As per the management, the revenue is expected to be above $60 million, which is better than their guidance and consensus estimates. This company has also scheduled its earnings release and conference call for November 9th.</p> 
<p>This announcement had the Investors’ hopes high. After the NFT and Crypto boom is over, the next big thing is expected to be the semiconductors. As the company’s business is futuristic, people are already crazy about the stock. It can be seen in the stock’s graph with the unusual patterns.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-financial-performance-strong"><strong>Financial Performance</strong></h3> 
<p>The company is a Mirco cap stock with a market cap of $994M. With such a small market share, the company is making extraordinary revenue growth. In the recent 4 quarters, it has made a compound growth of&nbsp; 20.1%. On a year-on-year basis, the latest revenue of $52.11M came with a growth of 105%. However, the indie is burying its cash in its operations, which is much more acceptable, keeping the current revenue growth and the stage where it is standing.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-indi-stock-price-strong"><strong>Technical Analysis and Prediction of the INDI Stock Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="799" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494.png" alt="INDI Stock Price: What is the Future of This Semiconductor Stock" class="wp-image-176482" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-494-1140x569.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NASDAQ%3AINDI"> TradingView </a>&nbsp;(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>At the press time, the INDI <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" target="_blank" rel="noreferrer noopener">stock price</a> is trading at the level of $5.77 after rising more than 15% on Monday. The INDI stock has recovered from its immediate support level of $525 and is currently being traded at a level close to its first resistance of $6.08. Crossing and sustaining above this resistance will move the next target to the 2nd one at $7.31.</p> 
<p>The price prediction of INID stock will depend on Tuesday and Wednesday’s candles. If these two days go green, the stock price will surpass the current resistance. The relative strength Index, on the other hand, is also spiked up. It is currently at 45, which is leaving enough space for the bulls to break past the current supply zone before the RSI touches its oversold level of 70.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>indie Semiconductor (NASDAQ: INDI) is a California-based auto tech company. Its stock surged more than 15% on Monday due to the management’s futuristic announcements. The stock is currently on the verge of breaking its immediate resistance levels.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $5.77 and $5.25</li> 
 <li><strong>Resistance Levels: </strong>$6.08 and $7.31</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.</p>

INDI Stock Price: What is the Future of This Semiconductor Stock

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