Should You Buy EVgo Inc (EVGO) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy now (beginner, long-term). EVGO is showing improving business momentum (strong Q3’25 revenue growth and sharply better gross margin), bullish Wall Street stance (Buy ratings with higher targets), and strongly bullish options positioning (very low put/call ratios). Price is extended short-term after a +9.18% day and sits near resistance (~3.38), so near-term chop is likely, but for a long-term investor who is impatient and wants exposure now, EVGO is a good buy at current levels.
Technical Analysis
Trend/price action: EVGO closed at 3.335 (+9.18% vs 3.05) and is trading above the pivot (3.118) and above R1 (3.282), approaching R2 (3.383). This indicates a short-term bullish breakout, but price is now near a key resistance zone (3.38).
Momentum: MACD histogram is positive (0.0271) and expanding, supporting continued bullish momentum.
Overbought/entry quality: RSI(6) is 76.13 (effectively overbought), suggesting the stock may cool off short-term even if the broader trend is improving.
Moving averages: converging MAs typically signal a transition phase; the latest upside move tilts this toward a budding uptrend.
Quant-style near-term odds: similar-pattern study suggests a modest pullback next day/week (-0.4% / -0.92%) but a positive next-month bias (+3.65%).
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