Indie Semiconductor Inc

indie Semiconductor, Inc (NASDAQ: INDI) develops automotive semiconductor and software solutions focused on advanced driver assistance systems (ADAS), vehicle automation, in-cabin experience, connectivity, and electrification. The company specializes in edge sensing technologies across LiDAR, radar, ultrasound, and computer vision, offering integrated analog, digital, and mixed-signal ICs with embedded software. Its products support a wide range of applications, including vision and radar processing, wireless charging, connectivity interfaces, and high-speed data systems, with deployments across major global automotive manufacturers through Tier 1 suppliers.

As per our previous US Daily Report published on ‘INDI’ on April 24, 2026, we provided a ‘Speculative Buy’ stance on the stock at USD 3.75 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis” and has attained resistance 1 and resistance 2 with a return of 18.93%.

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

Daily Chart

Considering the current trading levels, current macro environment, resistance 1 and resistance 2 attainment, and risks associated, a ‘Sell’ rating is assigned to the ‘INDI’ at the current market price of USD 4.46, as of May 01, 2026, at 06:50 am PDT.

Note: This report may be updated with details around fundamental and technical analysis, price chart in due course, as appropriate.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is May 01, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.