AST SpaceMobile, sellers retake control
AST SpaceMobile drops 13.9% as sellers retake control of the volume
AST SpaceMobile, sellers retake control
Our view last week
AST SpaceMobile is in its fourth week of a sell signal, and the week just closed rebounded 19.1%: a bounce that takes steam out of the decline, with signal strength dropping to 22 out of 100, decline losing steam. Trading is not recommended per our model, though — the stock is still 111.6% above its 200-week average — and it ranks 23rd among the 137 sell signals for US stocks.
This week's summary
AST SpaceMobile's Sell signal has teeth again. After last week's 19.1% bounce, which looked like it was taking steam out of the decline, the stock dropped 13.9% this week, with 88% of trading volume on the sell side. Sellers retook control, rejected hard at the 50-week average, in the 75 area. The short, live for five weeks, stays above 11% in profit.
IQS Phase
69
in tension
Signal Strength
44
decline starting to make lower lows
Sizing
REDUCED
Ranking
#17 / 137
US stocks
Trade P&L %
+11.03%
from signal to today
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