AST SpaceMobile, Inc. stock downgraded to Buy Candidate

The AST SpaceMobile, Inc. stock price gained 0.0335% on the last trading day (Monday, 16th Sep 2024), rising from $29.83 to $29.84. During the last trading day the stock fluctuated 9.42% from a day low at $27.40 to a day high of $29.98. The price has risen in 6 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume fell on the last day by -12 million shares and in total, 13 million shares were bought and sold for approximately $393.64 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

On Sep 04, 2024, it was reported that Deutsche Bank gave ASTS a "Buy" grade with a "hold" action.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 120.61% during the next 3 months and, with a 90% probability hold a price between $60.91 and $102.29 at the end of this 3-month period.

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, August 19, 2024, and so far it has fallen -22.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The AST SpaceMobile, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.50 and $26.63. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

AST SpaceMobile, Inc. finds support from accumulated volume at $29.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.58 between high and low, or 9.42%. For the last week, the stock has had daily average volatility of 11.94%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AST SpaceMobile, Inc. stock to perform well in the short-term.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.