Excitement spiked across the stock space after Space Exploration Technologies staged a powerful recovery from its sharp-post earnings selloff.

After a tough drop Thursday, the stock roared back Friday, leaving traders buzzing about renewed momentum in the group. AST SpaceMobile is on deck with earnings tonight.

Other stocks in the sector also had impressive weeks, including Rocket Lab and Voyager Technologies. Rocket Lab is riding a seven-session winning streak after soaring 28% last week, with that strength, not surprisingly, preceded by a doji candle the prior week. It is enjoying a 20% year to date return. VOYG was even more impressive, posting a jaw-dropping 71% weekly gain, not a typo, as it broke above the $37.02 double-bottom trigger on Aug. 6. The stock is up more than 60% in 2026.

Let's dig into the technicals on SPCX and AST SpaceMobile, where both stocks look constructive from here.

The daily chart of Space Exploration Technologies shows a budding breakout above a short-term downtrend on the ratio chart against the Procure Space ETF. The stock has had a tumultuous start to its trading history, with a significant drawdown beginning just after its third day of trading. That decline was marked by a bearish shooting star on June 16, followed by an engulfing candle in the very next session.

Investors should never blindly try to catch a falling knife without a positive technical catalyst, and that catalyst appears to have arrived. A doji candle on July 27 was followed by bullish engulfing candles on Aug. 3 and Aug. 6, with both sessions producing 6% gains. The stock has now risen in four of the last five sessions, with the lone decline being a 14% drop following earnings on Aug. 5. Friday's 16% surge pushed the stock above its newly formed 21-day exponential moving average.

Volume has also picked up meaningfully over the last four sessions, with short covering potentially helping fuel the advance. Regardless of the catalyst, however, the price action is difficult to ignore. I believe the stock can reach $165 by the end of the third quarter, representing a 24% gain from current levels. Remain bullish above $121.

Space Exploration Technologies was trading around $130 Monday.

Turning to the AST SpaceMobile daily chart reveals several bullish signals. First, bullish RSI divergence has emerged, with RSI making higher lows in mid- and late July while touching the oversold 30 level, even as the stock made a lower low. At the same time, a potential double-bottom base is taking shape following a double top near the $125 area.

The stock has experienced several significant bearish signals along the way. Back-to-back bearish evening stars completed on Jan. 21 and 30, with doji candles serving as the middle candle in both patterns. A bearish island reversal followed, completed by the 15% gap down on May 29, which also produced a doji near the $125 level. More recently, a bearish death cross appeared in late July as the 50-day simple moving average crossed below the 200-day SMA.

Now, however, there are reasons for optimism. The July 28 doji suggests the prevailing downtrend may be losing momentum, while a bullish island reversal was completed on Aug. 4 with an 11% gap higher. The stock reports earnings Monday after the bell, so patience is warranted ahead of the release. I believe the stock could retest $125 by year-end, representing a 76% gain from current levels.

AST SpaceMobile was trading around $69 Monday.

Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.