Volatile ride for AST SpaceMobile, Inc. stock price on Wednesday moving between $28.90 and $36.54

The AST SpaceMobile, Inc. stock price gained 12.48% on the last trading day (Wednesday, 4th Sep 2024), rising from $29.41 to $33.08. During the last trading day the stock fluctuated 26.44% from a day low at $28.90 to a day high of $36.54. The price has been going up and down for this period, and there has been a -3.61% loss 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, 34 million more shares were traded than the day before. In total, 44 million shares were bought and sold for approximately $1.44 billion.

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

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 155.16% during the next 3 months and, with a 90% probability hold a price between $65.49 and $110.40 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 $30.51 and $23.58. 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 -14.30%. 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 $32.86 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 $7.64 between high and low, or 26.44%. For the last week, the stock has had daily average volatility of 13.37%.

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.