AST SpaceMobile Jumps 8.63% to $81.20 Extending 7-Day 66.26% Rally

AST SpaceMobile (ASTS) exhibited remarkable bullish momentum in its most recent session, surging 8.63% to close at $81.20 after hitting an intraday high of $91.41. This marks the seventh consecutive day of gains, with the stock rallying 66.26% over this period amid exceptionally high volume (43.2M shares), signaling strong investor enthusiasm.
Candlestick Theory
The current rally features multiple long green candles, culminating in the latest session’s pronounced upper shadow (close at $81.20 vs. high of $91.41), suggesting profit-taking near $91–$92 resistance. Key support emerges near $67.28 (October 7 low) and $57.41 (October 2 low), reflecting consolidation zones where buyers previously intervened. The $90–$91 level now constitutes critical overhead resistance, validated by the rejection at $91.41.
Moving Average Theory
Short-term moving averages (50-day likely near $50–$55) have sharply inflected upward, crossing above the 100-day (~$45–$50) and 200-day (~$40–$45). This alignment signals a robust bullish trend reversal. The steep ascent has propelled the price significantly above all key MAs, implying overextension risk, but the consistent closes above shorter MAs reinforce upward momentum.
MACD & KDJ Indicators
MACD likely shows a widening histogram above its signal line, confirming strong bullish impulse. However, KDJ’s %K and %D are likely deep in overbought territory (>90) after the vertical rally. While MACD supports continued upside, KDJ’s extreme readings suggest a near-term pullback or consolidation may be probable to alleviate overbought conditions.
Bollinger Bands
Price has consistently hugged the upper Bollinger Band during the rally, reflecting high volatility and strong directional momentum. The pronounced expansion of the bands underscores heightened volatility. The close near the upper band ($81.20 vs. estimated upper band ~$85) coupled with the upper shadow suggests potential reversion toward the 20-day moving average (mid-band), now acting as dynamic support.
Volume-Price Relationship
Volume surged to 43.2M shares on October 8, the highest in the dataset, validating the breakout. The entire rally saw escalating volume, confirming institutional participation. However, the climactic volume near the $91 peak hints at exhaustion, increasing susceptibility to profit-taking. Sustained volume above average on pullbacks would signal healthy accumulation.
Relative Strength Index (RSI)
The 14-day RSI is likely >85, deep in overbought territory. While this warns of near-term exhaustion, its persistence at elevated levels during powerful trends may delay reversals. Traders should monitor for bearish divergence (e.g., higher price highs with lower RSI highs) to gauge weakening momentum.
Fibonacci Retracement
Applying Fib levels to the swing low of $49.08 (September 30) and the recent high of $91.41, key retracement supports are evident: 23.6% ($75.71), 38.2% ($66.99), and 50% ($60.25). The 23.6% level aligns with psychological support near $75–$77, making it a critical test during pullbacks. A hold above this zone may signal consolidation before further upside.
Confluence & Divergence
Confluence exists between Bollinger Band expansion, MACD momentum, and volume-backed price strength, collectively endorsing the bullish trend. Notable divergence emerges in RSI and KDJ extreme overbought readings conflicting with sustained price highs, suggesting near-term corrective pressure. The $75–$77 Fib/psychological support offers a high-probability bounce zone if tested, while a failure below $67.28 (October 7 low) could trigger deeper retracements. Overall, the long-term trend remains constructive, but short-term metrics advise caution against immediate entries due to overextended conditions.