It was discovered on 9 May 1988, by astronomer couple Carolyn and Eugene Shoemaker at the Palomar Observatory in California, United States.
[2][3] Candace is a non-family asteroid from the main belt's background population based on the hierarchical clustering method.
[4] In April 2010, a rotational lightcurve of Candace was obtained from photometric observations by Petr Pravec at Ondřejov Observatory.
[6][7][8][9] The Collaborative Asteroid Lightcurve Link assumes a standard albedo for stony members of the Phocaea family of 0.23 and calculates a diameter of 7.63 kilometers based on an absolute magnitude of 12.8.
[4] This minor planet was named after American chemist Candace P. Kohl, who has been investigating ancient solar activity through analysis of nuclides in lunar rocks.