Here’s whether Cango Inc. (CANG) is worth buying in 2026 —
based on weekly-updated price trend, RSI momentum, and return vs.
the S&P 500. Our current read: Bearish.
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Bearish
Positives: RSI 48 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-21.16% over 10 days); weak 1-year return of -89.6%; 3-month momentum negative (-73.8%). Currently 93.6% off its 52-week high. Score: -5/7.
CANG is trading below its 200-day MA ($2.72) — a key warning sign the longer-term trend is under pressure. An RSI of 48.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -89.6% compares to +35.1% for SPY (trailed the market by 124.7%). The current 93.6% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.
$10,000 invested 1 year ago→ $1,036 today
vs. S&P 500 (SPY) — same period trailed market by 124.7%