indie Semiconductor Forms Death Cross, Signaling Potential Bearish Trend Ahead

indie Semiconductor, Inc., a microcap player in the Other Electrical Equipment industry, has recently experienced a significant technical event known as a Death Cross. This occurs when a stock's short-term moving average crosses below its long-term moving average, often signaling a potential shift in market sentiment and a bearish trend. Currently, indie Semiconductor's technical indicators reflect a predominantly bearish outlook. The Moving Average Convergence Divergence (MACD) is bearish on a weekly basis, while the Relative Strength Index (RSI) also indicates bearish momentum. Additionally, Bollinger Bands and the KST are showing bearish trends on both weekly and monthly scales. This combination of indicators suggests that the stock may continue to face downward pressure. In terms of performance, indie Semiconductor has struggled significantly over various time frames. Over the past year, the stock has gained only 3.52%, starkly underperforming the S&P 500, which has risen by 12.95%. More concerning is the three-year performance, where indie Semiconductor has plummeted by 66.16%, compared to the S&P 500's impressive 69.39% gain. These trends highlight the challenges facing the company and the broader implications of the recent Death Cross event.