AST SpaceMobile shares dip amid rising selling pressure

Traders Union
All News
Financial News
AST SpaceMobile slips 4.35% today

Highlights

AST SpaceMobile secured FCC approval for U.S. commercial operations, enabling expansion of its direct-to-device satellite services.
The company reaffirmed 2026 revenue targets, boasting over $1.2 billion in commitments from mobile network operators and ongoing satellite deployment efforts.
Shares remain in a strong bullish trend but face increased short interest and near-term overbought technical signals, with a five-day price range expected between $117.94 and $127.99.

Regulatory approval boosts outlook as short interest rises amid selling

AST SpaceMobile received FCC approval to begin U.S. commercial operations, marking a significant regulatory event for the company. This approval allows the progress of its direct-to-device satellite service, backed by over $1.2 billion in commitments from mobile network operators. Additional developments included preparations for mid-June Falcon 9 launches of BlueBird satellites and reaffirmed 2026 revenue targets, accompanied by the introduction of new investment products and a notable increase in short interest, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes that AST SpaceMobile’s price action looks strong on the surface but reveals underlying vulnerabilities. He points to persistent overbought readings and increased short interest as clear warning signs, despite the positive FCC approval news. Sharp downside gaps and intraday volatility reinforce the view that momentum could abruptly shift. Kharitonov believes that reliance on bullish technical signals alone may be dangerous at these levels. He cautions, "Any further weakness below $117.94 could spark a substantial correction before bulls regain control."

Viktoras Karapetjanc, expert at Traders Union, sees the regulatory milestone as a powerful catalyst for AST SpaceMobile. He emphasizes that strong institutional commitments and the upcoming satellite launch keep the bullish structure intact. For this expert, the blend of positive momentum, expanding partnerships, and forward-looking guidance suggest that further growth is likely. Karapetjanc states, "With $1.2 billion backing and commercial roll-out approved, the market offers multiple setups for upside continuation above $127.99."

Jainam Mehta, market strategist, observes that AST SpaceMobile stays above key averages but confronts an overheated setup after recent gains. He notes the divergence between strong trend indicators and overbought oscillators, which could trigger a short-term pullback or a swift breakout. Mehta suggests tactical traders watch for a volatility contraction to signal the next move. He advises, "A potential breakout above $127.99 or a reversal from overbought zones may both provide entry points for the nimble investor."

Bullish momentum faces risk as overbought signals trigger caution

AST SpaceMobile remains well above its short-, medium-, and long-term moving averages, with the current price of $123.97 positioned over the MA-20 ($83.55), MA-50 ($85.68), and MA-200 ($76.48). This configuration signals a strong bullish structure across all timeframes, with the nearest dynamic support from the Ichimoku Kijun at $97.29 and MA-50 at $85.68, while $130 may act as psychological resistance.

Momentum signals are mixed on the day. MACD, Relative Strength Index (RSI), and Average Directional Index (ADX) show continued strength, but oscillators such as Stochastic RSI and Commodity Channel Index (CCI) register strong overbought readings, indicating an overheated market. Bull/Bear Power (BBP) remains elevated at 34.45, reflecting ongoing buyer dominance, and momentum is reinforced by the Awesome Oscillator in support of the prevailing trend. However, after a downside gap of roughly $2.60 at the open and a drop to $123.97—slipping 4.35% and trading near the day’s low with intraday volatility at 3.19%—the stock is facing pressure after the open, and this divergence between powerful momentum and pronounced overbought signals raises short-term caution.

Earlier, analysts noted that AST SpaceMobile was demonstrating sustained bullish momentum driven by regulatory milestones and strong commercial commitments. The current pullback brings increased short-term caution, but the overall technical structure remains robust—investors should monitor for a decisive move above $127.99 as a signal for renewed upside.

Source of Data: ASTS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.