AST SpaceMobile receives approval for S-band and 700 MHz bands as stock rises 2.7%

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AST SpaceMobile stock up 2.7% today

Highlights

AST SpaceMobile received approval in Brazil to use S-band and 700 MHz spectrum and partnered with four regional telecom operators for satellite smartphone connectivity.
Shares of AST SpaceMobile are up 2.7% on the day at $39.79, with a market value near $19.83 billion and trailing revenue of $115.2 million.
Out of 53 covering analysts, 17 rate the stock a buy and 8 recommend selling, with a median price target of $78.

AST SpaceMobile received approval from Brazil's telecommunications regulator Anatel to use S-band spectrum and secondary rights to the 700 MHz band as part of its national expansion. The company has also signed agreements with four regional operators in Brazil. According to Brazil Stock Guide, AST SpaceMobile is partnering with Brisanet, Unifique and Iez! to offer satellite connectivity for smartphones.

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Volatility spikes as bearish structure holds below key moving averages

Shares of AST SpaceMobile saw a sharp increase in intraday volatility, with the price swinging between $36.79 and $40.11. The daily structure remains bearish as the stock continues to trade below its MA-20, MA-50, and MA-200. RSI at 31.1 is approaching oversold territory, which suggests the recent decline may be getting stretched. The nearest support is marked by the weekly low at $36.79.

Downside odds dominate for next week as long-term trend remains negative

To gauge whether the latest developments are being reflected in price, traders should monitor for a decisive move beyond key levels. The most recent session showed a much wider intraday range than the weekly average, spanning from $36.79 to $40.11. Despite a sustained move lower with a firm trend over the past week, the probabilities for the coming trading week stand at 22% for further upside and 78% for continued downside, with an expected range between $36.72 and $42.85. A close above $43.64 would confirm buyers are willing to build on the move, while a drop below $36.79 would indicate the move is being rejected. On the weekly chart, the longer-term picture stays firmly negative.

Earlier, analysts noted that AST SpaceMobile was trading in a narrow range with a generally bearish technical setup, as downside risks continued to outweigh breakout odds. With the stock remaining weak despite recent operational advances, traders should watch for momentum to shift only if there is a sustained close above $43.64 or a decisive move below $36.79 in the sessions ahead.

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