AST SpaceMobile stock gains more than 3% after Anatel approval and expanded Brazilian partnerships

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Ast spacemobile rises 3.14% today

Highlights

AST SpaceMobile received approval from Anatel to use S-band and 700 MHz spectrum for expansion in Brazil.
The company secured agreements with four Brazilian telecom operators to develop satellite smartphone connectivity services, and faces a class action lawsuit citing alleged omissions about user adoption risks.
Shares of AST SpaceMobile trade below key moving averages, with technical signals indicating oversold conditions and a forecast range of $37.88 to $43.55.

Regulatory gains countered by legal risks and new operator partnerships

AST SpaceMobile recently gained approval from Brazil's telecommunications regulator Anatel to utilize S-band spectrum and secondary rights to the 700 MHz band for national expansion. The company also reached agreements with four regional telecom operators in Brazil to develop satellite smartphone connectivity services. Additionally, AST SpaceMobile will host its third quarter 2026 business update conference call on November 9, and a securities class action lawsuit has been filed against the company in the United States District Court for the Western District of Texas, citing alleged omissions and misstatements regarding user adoption risks.

Anton Kharitonov, expert at Traders Union, sees the upside in AST SpaceMobile as limited. The stock remains pressured below major moving averages. Technical momentum indicators are deep in bearish territory. Regulatory approval from Anatel is positive, but does not offset persistent seller dominance. Legal risks further challenge sentiment. "Traders should remain cautious as the stock's technical setup and legal headwinds point to a high probability of new lows."

Viktoras Karapetjanc, expert at Traders Union, remains confident about AST SpaceMobile’s prospects. Regulatory approval in Brazil and new operator agreements expand the company’s addressable market. These developments enhance adoption and growth potential despite short-term technical pressure. The upcoming business update could serve as a catalyst for further interest. "Long-term opportunities remain strong, and forward-looking investors should watch for a breakout above $41.39 to unlock further growth."

Sholanke Dele, market strategist, views AST SpaceMobile’s rebound with skepticism. The stock’s persistent negative momentum is reinforced by both technical readings and the recent class action lawsuit. Intraday strength has not shifted the broader weak sentiment. Global risk appetite stays muted for such speculative plays. "The set-up shows little relief and I expect sellers to regain control if $38.78 fails as support."

Oversold signals persist as intraday strength clashes with weak momentum

AST SpaceMobile is trading below the 20-day, 50-day, and 200-day moving averages ($49.57, $57.05, and $78.58). This points to clear pressure from sellers across all timeframes and confirms a bearish medium- and long-term structure, with the MA-50 vs MA-200 alignment remaining bearish. Immediate levels to watch are $41.39 as a near-term ceiling and $38.78 as a near-term floor. Momentum indicators highlight weak conditions for the stock. The Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both register “sell”, reflecting downside momentum. The Relative Strength Index (RSI), Commodity Channel Index (CCI), and Stochastic RSI signal oversold territory. Bull/Bear Power (BBP) is negative, showing sellers still dominate with an “oversold” reading. AST SpaceMobile is up $1.24 or 3.14% after opening with an upside gap of about $0.43 (1.09%). The price is near the day’s high. Intraday volatility stands at 6.73%, and the tone is one of strength toward highs into the session despite ongoing weak momentum. There is a notable divergence between the intraday rebound and the still-bearish momentum readings.

Earlier, analysts noted that despite operational progress in Brazil, AST SpaceMobile's technical outlook remained bearish due to persistent downside risks. The current analysis confirms that bearish momentum continues to dominate, with traders advised to monitor $41.39 as a key resistance level that must be cleared to signal any potential shift toward a sustained rebound.

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

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