High volatility in AST SpaceMobile, Inc. stock price on Friday which ended trading at $29.83

The AST SpaceMobile, Inc. stock price gained 11.35% on the last trading day (Friday, 13th Sep 2024), rising from $26.79 to $29.83. During the last trading day the stock fluctuated 16.72% from a day low at $26.50 to a day high of $30.93. The price has been going up and down for this period, and there has been a 1.98% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 563 thousand more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $763.06 million.

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 $27.20 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 123.22% during the next 3 months and, with a 90% probability hold a price between $60.71 and $102.61 at the end of this 3-month period.

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 $27.30 and $26.32. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, August 19, 2024, and so far it has fallen -22.72%. 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).

AST SpaceMobile, Inc. finds support from accumulated volume at $28.45 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 $4.43 between high and low, or 16.72%. For the last week, the stock has had daily average volatility of 12.12%.

AST SpaceMobile, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.