Nucana shares rise 10.08% premarket as oversold RSI and bearish technicals hint at near-term stabilization.

Nucana surged 10.08% in premarket trading amid technical analysis highlighting a deeply oversold RSI at 23.35 and bearish momentum indicators. The stock, trading below key moving averages, faced persistent seller pressure but showed signs of stabilization as oversold conditions increased the likelihood of a short-term rebound. Analysts noted that while the broader technical setup remains bearish—with MACD and ADX confirming downward bias—the sharply oversold RSI and late-session strength could trigger a technical bounce. The price movement aligns with expectations of a potential rebound within a $2.53–$2.69 range, though resistance at $3.13 remains a distant target. The absence of fundamental catalysts suggests the premarket rally was driven by algorithmic or retail traders capitalizing on oversold conditions rather than new company-specific news.