Does ASTS Have Room Above $121 With RSI at 67?
$AST SpaceMobile, Inc.(ASTS)$
AST SpaceMobile, Inc.(ASTS) Soars +8.88%, Testing 52-Week High at $124.32
Latest Close Data
Closed at $121.23, up +8.88% ($9.89) on 1/29. The price is just $3.09 (2.5%) below its 52-week high of $124.32.
Core Market Drivers
The stock continues to ride a wave of speculative momentum, driven by its pioneering space-based cellular broadband narrative. High volume and significant intraday amplitude (11.42%) suggest strong institutional and retail interest. The absence of specific news in the provided data indicates the move may be technically or sentiment-driven.
Technical Analysis
Volume surged to 18.46M shares (Volume Ratio: 1.16), confirming the breakout. MACD (DIF: 10.21, DEA: 9.19, MACD: 2.04) shows a bullish expansion, with the DIF rising and histogram positive. RSI(6) at 67.45 is in bullish territory but not yet overbought, indicating room for further upside.
Key Price Levels
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Primary Support: $72.68 (Recent swing low).
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Strong Resistance: $124.32 (52-Week High).
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Immediate Pivot: ~$113.58 (Previous resistance, now support).
Valuation Perspective
Valuation is highly speculative. P/S TTM is astronomical at 2,401.04, and Forward P/E is deeply negative at -127.36, far below its historical average of -24.31. This reflects a pure "story stock" premium on future growth.
Analyst Targets
Coverage is mixed. 10 analysts have an average price target of $87.85, significantly below the current price. The consensus is split: 5 Buy, 5 Hold, 2 Underperform.
Weekly Outlook
The immediate focus is a test of the 52-week high at $124.32. A successful breakout could target the $137.0 analyst high. Failure to break above may lead to a consolidation between $113-$124. Watch for a potential pullback to the $113 pivot for a new entry.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. ASTS is a highly speculative, pre-revenue company with extreme valuation metrics. Trading involves significant risk of loss. Please conduct your own research.
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