Earnings Snapshot: AST SpaceMobile Q2 sees $1.30B backlog; 13 satellites lift FY26 outlook
AST SpaceMobile announced an upward revision of its 2026 guidance, citing a backlog of $13 billion and the launch of 13 satellites in its Q2 results.
The current price is positioned between the support and resistance levels, necessitating a cautious approach. Despite positive news regarding strong earnings and an upward revision of satellite launch guidelines, we will consider entering due to the ambiguous position between the support and resistance levels and signals of weakening short-term momentum.
Given the weakening short-term upward momentum, I will take profits if the price reaches the resistance level of $74.08, and I will cut losses if it falls below the support level of $52.80.
The RSI(14) is at 66.1, approaching the overbought range; however, the moving averages are in a non-aligned state. The trading volume is somewhat low at 0.91 times the 20-day average, and the recent 7-day volatility has recorded +35.7%.
In the past, there have been instances of upward trends during similar events, such as on 2026-08-11 (+3.7%), 2026-08-10 (+8.1%), 2026-08-04 (+5.7%), 2026-07-17 (+9.6%), and 2026-07-16 (+15.1%).
Despite positive news regarding an increase in performance backlog and an upward revision of the guidance, the technical warnings indicating a weakening short-term upward momentum, such as an RSI of 66.1 and a misalignment of moving averages at the time of entry, were not adequately reflected. As a result, the stock broke through the support level and reached the stop-loss point, failing to achieve the forecasted return of 2.0% and resulting in an actual return of -10.8%, leading to a FAILED assessment.
Through this trading review, we will more rigorously filter the signals indicating momentum slowdown, such as the non-aligned moving averages and a trading volume at 0.91 times, rather than solely focusing on positive news. We will conservatively adjust the timing for future entries.