Should You Buy Cango Inc (CANG) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy now (as a speculative long-term position). CANG is trading near key support (around S1 1.306) after a -4% drop, while fundamentals (2025/Q3 profitability) and Wall Street targets ($3–$4) imply large upside from $1.315. With hedge funds increasing buying sharply and no negative news flow this week, the risk/reward is attractive for an impatient long-term entry, despite the current downtrend.
Technical Analysis
Trend is bearish: moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), showing a sustained downtrend. However, price ($1.315) is sitting just above S1 support (1.306); a break below raises risk toward S2 (1.245). RSI_6 at 34.78 is near oversold/low-neutral, suggesting selling pressure may be getting exhausted. MACD histogram is slightly positive (0.00305) but contracting, implying weak bullish momentum and a market that could base rather than immediately reverse. Near-term resistance levels are 1.405 (pivot) then 1.505.
