AST SpaceMobile works with Rakuten Mobile to bring space-based cellular broadband to Japan as stock falls 6.1%

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AST SpaceMobile stock falls 6.1% today

Highlights

AST SpaceMobile and Rakuten Mobile joined in a strategic effort to bring space-based cellular broadband to Japan by end of 2026.
AST SpaceMobile stock fell 6.1% on the day to $38.38.
Of 53 analysts covering AST SpaceMobile, 17 rate it a buy and 8 recommend selling, with a median price target of $78.

AST SpaceMobile announced on October 6, 2026, that it is working with Rakuten Mobile to bring space-based cellular broadband connectivity to Japan by the end of 2026. The effort was marked by a visit to Midland from Sharad Sriwastawa, Co-CEO of Rakuten Mobile and President of Rakuten Symphony, along with his team. AST SpaceMobile intends to launch initial, intermittent satellite cellular broadband service in Japan and several other markets before year-end, according to Yahoo! Finance.

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Bearish structure holds as RSI nears oversold and price trades below key averages

AST SpaceMobile stock opened the session with a gap down from $40.91 to $39.12. The price has continued to trade below its MA-20, MA-50, and MA-200, maintaining a bearish daily structure. RSI at 30.8 is nearing oversold territory, which can limit further downside risk and support stabilization. The nearest resistance is identified at the prior weekly low of $39.18.

Downside odds dominate as weekly resistance is key for reversal

A close above $39.18 would demonstrate buyers have started to take control and are willing to follow through on the move. Shares opened significantly lower, starting the session at $39.12 after a previous close of $40.91. Even with a sustained move lower and a firm trend over the past week, the probability of further downside over the coming trading week stands at 77%, while upside potential is at 23%, with an expected trading range of $36.26 to $40.49. A drop below the recent range would indicate the move is being faded, while a close above resistance would point to acceptance by buyers. On the weekly chart the longer-term picture stays negative.

Earlier, analysts noted that AST SpaceMobile shares were under persistent selling pressure, with a prevailing bearish outlook despite incremental operational progress. The current article adds a strategic partnership update, but with the stock continuing to trade below key moving averages and a high probability of further downside, close monitoring of the $39.18 resistance remains critical for any sign of a technical reversal.

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