Shares of AST SpaceMobile Inc. [NASDAQ: ASTS] closed 2.54% higher at $74.81 on the session, according to Google Finance data, as investors reacted positively to a combination of new US government contract wins and a strategic equity investment from Canadian telecommunications operator TELUS, though the stock continued to face technical headwinds that analysts expect will limit near-term upside.

AST SpaceMobile secured three new US government contracts through prime contractors during the period, opening new channels for recurring revenue in the secure communications segment and adding to the company’s government backlog alongside its existing FCC Supplemental Coverage from Space authorisation to deploy up to 248 satellites.

TELUS’s equity stake in the company, the terms of which reinforced commercial ties between the two organisations, provided additional evidence of sustained institutional interest in AST SpaceMobile’s direct-to-device satellite connectivity vision even amid the revenue execution challenges that characterised the most recent quarterly report.

First-quarter 2026 revenue of $14.7 million significantly missed analyst expectations of around $38 million, though management reaffirmed its full-year 2026 revenue guidance of $150 million to $200 million and described the shortfall as a function of gateway hardware sales timing and government contract milestone scheduling rather than structural deterioration in the business.

Technically, the stock sits just above its 200-day simple moving average at $74.38 but remains below the 20-day average at $75.74 and the 50-day average at $84.35, positioning it in a technical zone where short and medium-term selling pressure continues to limit upward momentum despite the positive fundamental developments.

Traders Union analyst Anton Kharitonov characterised the company’s operational position as constructive given the TELUS partnership and government contract wins, but noted that technical resistance at the Ichimoku Kijun level of $83.79 represents a significant barrier that must be decisively cleared before any sustained upside can materialise.

The daily MACD points to a strong sell signal, the ADX remains weak at 11.12, and the RSI at 47.57 sits near neutral, a cluster of indicators that collectively suggest momentum has not yet accumulated sufficiently behind the current price level to support a breakout above key resistance.

Expected price action over the next five trading days is projected within a range of $69.22 to $77.07, reflecting the elevated volatility and consolidated technical position that analysts expect to persist until the company provides clearer evidence of sequential revenue acceleration and improved commercial gateway deployment in the second and third quarters.