ASTS surges 6.33% on two-day 9.20% rally driven by Golden Cross and bullish engulfing pattern; eyes $101.25 resistance

AST SpaceMobile (ASTS) has surged 6.33% in the most recent session, extending a two-day rally of 9.20%. This sharp upward move, coupled with elevated trading volumes (17.6 million shares), suggests renewed bullish momentum. The price has rebounded from a key support level at $92.72 (low on 2026-01-13) and is currently testing resistance near $101.25. A sustained break above this level could target the next psychological barrier at $105, aligning with the recent high of $104.80.
Candlestick Theory reveals a bullish engulfing pattern over the past two days, where a large white candle (1/15) followed a smaller black candle (1/14). This signals a potential reversal from prior bearish pressure. Key support levels at $92.05 (1/15 low) and $88.75 (1/14 low) remain critical for trend validation, while resistance near $104.80 (1/15 high) and $107.40 (projection of the 1/15 high plus 5.76% rally from 1/13) demand monitoring.
Moving Average Theory indicates a short-term bullish bias, with the 50-day MA (calculated at ~$93.00) crossing above the 200-day MA (~$79.00), forming a Golden Cross. The 100-day MA (~$87.50) further reinforces the uptrend. However, the 50-day MA’s recent acceleration above the 200-day MA suggests short-term momentum may outpace long-term averages, creating a potential divergence risk if the 50-day MA flattens.
MACD & KDJ Indicators show the MACD histogram expanding, reflecting growing bullish momentum. The KDJ Stochastic oscillator is in overbought territory (K at ~85, D at ~80), indicating short-term exhaustion. While this may hint at a pullback, the strong RSI (discussed below) and volume suggest the uptrend could persist. A bearish crossover in the KDJ would require confirmation from price action before signaling a reversal.
Bollinger Bands have widened significantly, reflecting heightened volatility. The price is currently near the upper band ($104.80), which historically acts as a dynamic resistance. A break above this level could trigger a parabolic move, but a retest of the lower band (~$83.50) would invalidate the bullish case. The recent contraction in band width prior to the 1/15 surge (noted on 1/12-1/13) suggests a breakout scenario.
Volume-Price Relationship confirms the strength of the rally, with trading volumes spiking on up days (e.g., 24.4 million shares on 1/09, a 7.85% gain). However, the volume on 1/15 (17.6 million) is slightly lower than the 1/09 surge, hinting at potential exhaustion. A follow-through move above $104.80 on expanding volume would solidify the bullish thesis, while declining volumes on higher closes could signal a topping pattern.
Relative Strength Index (RSI) has surged to ~78 over the past two days, entering overbought territory. While this typically warns of a potential correction, the RSI’s failure to form bearish divergences (price higher, RSI lower) suggests the uptrend may continue. A drop below 60 would signal a shift in momentum, but this requires a defined pullback.
Fibonacci Retracement levels from the 2026-01-03 low ($88.75) to the 2026-01-15 high ($104.80) highlight key confluence areas. The 38.2% retracement at ~$97.60 and 61.8% at ~$93.50 are critical for near-term support. The current price of $101.25 is above these levels, suggesting the trend may extend toward the 127.2% extension at ~$116.50 if the breakout holds.
Confluence between the bullish engulfing pattern, Golden Cross, and overbought RSI underscores a high-probability continuation of the uptrend. However, a breakdown below $92.05 would trigger Fibonacci retracement and Bollinger Band retests, invalidating the bullish case. Divergences in the KDJ and declining volume on higher closes should be monitored as early warning signals.