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Stock impact report

Satellite Stock Could Soon Enjoy an Almost 20% Pop [Yahoo! Finance]

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: Yahoo! Finance
third-straight loss and trading back below resistance from the $100 region after a short-lived breakout. The equity has shaved more than 30% off its Jan. 30, record high of $129.89, but could soon extend its 20.7% year-to-date lead thanks to a historically bullish trendline. According to Schaeffer's Senior Quantitative Analyst Rocky White, the security is within 0.75 of the 100-day moving average's 20-day average true range (ATR), after remaining above it 80% of the time in the last two weeks and in 80% of the last 42 trading sessions. This signal has occurred five other times during the past 10 years, after which the equity was higher one month later in 80% of those instances, averaging a 19.6% pop. A move of similar magnitude would place ASTS back above $103. ASTSd132090013i A shift in analyst sentiment could generate tailwinds, as eight of the 12 firms in coverage sport a "hold" or worse rating. An unwinding of short interest could have a similar effect, as the 41.85 million Show less Read more
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