Space Stocks Price Forecasts: Correction or Trend Continuation?

Author: Bruce Powers

Updated: June 18, 2026

Key Points

• ASTS tests 200-day moving average support after a 109.8% advance.
• RKLB consolidates at a key confluence support zone near $100.
• RDW pulls back into post-breakout support after a 221% rally.
• Space stocks are showing synchronized corrective price action.
• The next move is likely determined by reactions at major support levels.

Sector Momentum Meets Critical Support Zones

Momentum has cooled across several of the space sector’s strongest performers after impressive multi-week advances. With key support levels now coming into focus, the next bullish or bearish signal may provide important clues about the sector’s near-term direction.

ASTS Tests 200-Day Support After Major Breakout Run

AST SpaceMobile, Inc. (ASTS) is building a space-based cellular broadband network for 4G and 5G connectivity, aiming to eliminate coverage gaps for mobile users globally. Its stock recently completed a 109.8% advance to a new high of $133.86 three weeks ago, following a recovery above the 200-day moving average. A bearish correction has followed, which may be approaching a bottom.

The 200-day moving average is again being tested as dynamic trend support, with a new corrective low of $77.12 reached recently. How ASTS responds around this support zone may provide insight into whether similar pullbacks across leading space stocks are nearing completion.

RKLB Consolidates at Confluence of Key Support

Rocket Lab Corporation (RKLB) provides end-to-end launch services and space systems solutions. Its stock reached a new high of $151 in late May, leading to the current pullback. The stock is consolidating near a key support zone, which includes the 50-day moving average and a significant retracement level. The behavior around this support will indicate whether a bullish reversal or further downside is likely.

RDW Pullback into Post-Breakout Decision Zone

Redwire Corporation (RDW) has reached a significant area of possible support following a bearish retracement after a sharp 221% advance. The stock has pulled back to test the 50-day moving average and a downtrend line, indicating a potential decision zone for future price action. A bullish reversal would trigger on a rally above recent swing highs, while a deeper pullback could test lower Fibonacci retracement levels.

Sector-Wide Technical Inflection Point

In summary, ASTS, RKLB, and RDW have each retraced to technically significant support areas following powerful advances. The ability of these support zones to hold and produce bullish reversals will likely determine whether the space sector resumes its broader uptrend or enters a deeper corrective phase. The next bullish or bearish signal will be especially significant for the group’s near-term direction.

About the Author

Bruce Powers has over 20 years of experience in financial markets and is a seasoned finance MBA and CMT® charter holder. He has worked as head of trading strategy at hedge funds and as a corporate advisor for trading firms, providing actionable insights through both technical and fundamental analyses.