CANC in downward trend: price may drop because broke its higher Bollinger Band on January 07, 2026
CANC broke above its upper Bollinger Band on January 07, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 17 similar instances where the stock broke above the upper band. In of the 17 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CANC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 07, 2026. You may want to consider a long position or call options on CANC as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CANC just turned positive on January 09, 2026. Looking at past instances where CANC's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CANC advanced for three days, in of 156 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 109 cases where CANC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Advertisement
General Information
Category Health
CANC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CANC has been closely correlated with XBI. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if CANC jumps, then XBI could also see price increases.
| Ticker / NAME | Correlation To CANC | 1D Price Change % | ||
|---|---|---|---|---|
| CANC | 100% | +2.49% | ||
| XBI - CANC | 82% Closely correlated | +2.40% | ||
| IBB - CANC | 82% Closely correlated | +0.88% | ||
| VHT - CANC | 70% Closely correlated | +0.74% | ||
| IXJ - CANC | 67% Closely correlated | +0.96% | ||
| XLV - CANC | 65% Loosely correlated | +0.71% | ||
More | ||||