ASTS Rose 400%+ in 12 Months, Then Tumbled. What Its Chart ShowsAST SpaceMobile, Inc. Class ABATS:ASTSmoomooAST SpaceMobile ASTS rose 400%+ over 12 months to hit a $133.86 all-time high on May 28, then fell 60.6% by July 29 before rebounding some 35% to $72 in recent trading despite missing analyst estimates for its latest quarter. Let's see what technical and fundamental analysis can show us. AST SpaceMobile's Fundamental Analysis For those unfamiliar with ASTS, the company is building a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The firm operates a constellation of satellites known as "BlueBirds," each designed to deliver over 150 Mbps per coverage cell across more than 2,000 cells. Each satellite acts as a relay. Your phone's signal goes up to the satellite, down to a ground gateway and into your normal carrier's network. Calls and data connect as if the signal had never left the planet. ASTS currently works with nearly 60 mobile network operators globally, representing about 3 billion potential subscribers. The firm released Q2 results on Monday evening, posted a $0.77 GAAP loss per share on $31.5 million of revenue -- both well short of what analysts had been expecting. Still, that sales print reflected annual growth of 2,617%. That's not a typo. Why is the stock trading higher so far this week in response to results that missed the Street's expectations? Three possible reasons that came up in the earnings report: 1) The firm signed partnerships with over 60 mobile network operators. 2) ASTS's order backlog increased to approximately $1.3 billion in aggregate contracted revenue, including both commercial partners and contracts awarded by the U.S. government. 3) CFO Andrew Johnson said during the company's earnings call that "we remain on track to meet our full year 2026 revenue guidance of $150 million to $200 million." That keeps the midpoint of ASTS's projected revenue range above the $169 million that Wall Street had in mind. AST SpaceMobile's Technical Analysis Check out ASTS's year-to-date chart running through Wednesday afternoon (Aug. 12): Readers will see that ASTS came into the new year riding the first peak of what became a double-top pattern of bearish reversal. Shaded in pink at the chart's left, that set-up worked and the stock fell from late January to early May. ASTS then rose to a second peak in late May before selling off in June and July as it came out of the double top and instead developed a falling-wedge pattern of bullish reversal. Marked in tan, this falling wedge appears to also be working quite well, with ASTS breaking out of the closing wedge in late July. The stock has since retaken its 21-day Exponential Moving Average (or "EMA," denoted by a green line). That probably gained ASTS favor with the swing crowd. Shares traded Wednesday in between the 21-day line (i.e., a potential support level) and ASTS's 50-day Simple Moving Average (or "SMA," marked with a blue line and serving as possible resistance). Long-term ASTS investors will want the stock to make a run at both its 50-day SMA and 200-day SMA (marked with a red line). The two lines aren't far apart, and retaking both would likely spur increased participation by professional managers. On the other hand, traders (i.e. short-term investors) would love to see some algorithmic pinging back and forth between the 21- and 50-day lines. Moving on to the other technical indicators above, ASTS's Relative Strength Index (the gray line marked "RSI" at the chart's top) is looking rather non-committal. However, the stock's daily Moving Average Convergence Divergence indicator (or "MACD," marked with blue bars, a black line and a gold line at the chart's bottom) is looking much better than it had been. For openers, the histogram of the 9-day EMA (the blue bars) is now in positive territory -- a bullish signal. In addition, the 12-day EMA (the black Line) has overtaken the 26-day EMA (the gold line), which is also bullish. On top of that, both of those lines appear to be moving toward the zero-bound. Should they move into positive territory together, that would amplify the bullish signal even more. (Moomoo Technologies Inc. Markets Commentator Stephen "Sarge" Guilfoyle had no position in ASTS at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. 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