Weekly Chart PackCompleted weekly market data · Independent research
TAI · Equity · Taiwan
6838
Formosa Pharmaceuticals, Inc.
HealthcareBiotechnology
Formosa Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, engages in developing drug candidates for ophthalmology, oncology, and anti-infectives in Taiwan. It is involved in developing TSY-110, an antibody-drug conjugate; and TSY-0210, an antibiotic for drug resistant infections. The company also develops APP13002 to treat infectious eye diseases, such as conjunctivitis, keratitis, blepharitis, and meibomian gland dysfunction; and MPT0E028, a novel pan- histone deacetylase inhibitor for solid tumors, such as hepatomas and colorectal …
Last updated
7 Aug 2026
Exchange
Taiwan Stock Exchange · TAI
Sector
Healthcare
Industry
Biotechnology
Currency
TWD
Market capitalisation
3,472,470,784
Fair value reference
38.90
Next-week expectancy
Negative · 41.39%
Executive chart read
Over the latest 12 completed weeks ending 2026-08-07, 6838 fell 10.42%, moving from 25.90 to 23.20. The latest weekly close is below the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -40.00 and has improved across the 12-week window. Market Dynamics is -1.30 on the latest week. Next-week expectancy is negative at 41.39% based on similar historical setup states.
Week Ending
7 Aug 2026
Latest Close
23.20
12-Week Change
-10.42%
Trend Signal
Inactive
Next-Week Expectancy
Negative 41.39%
Signal Weeks
0 of 12
Weekly Price
Weekly Close
Trend Line
Fair Value
Activity Lines
Chart Panels
Choose up to 5 panels. Drag panel headers to reorder.
Price Action
Up Week
Down Week
Trend Line
Pivotal Level / Resistance
Volume
Range
Sharemaestro Range
Where price is trading
The fitted range, accepted trading area and strongest price levels are calculated automatically from completed weekly market data.
Current stateBelow accepted value
52-week position
3.6%
Low to high
Accepted price
31.68
Latest versus accepted: -26.76%
Fitted direction
Falling
-0.63% per week
Range pressure
25/100
Lower pressure
Range condition
Normal
1.00× normal range
Range pressureCurrent range pressure · 50 is balanced
Weekly closeFitted rangeActivity ribbonEstimated activity at priceAutomatic level
Automatic structure
Strongest price levels
Support21.55
From price
-7.1%
Evidence
15/100
Touches
1
Current pivot23.13
From price
-0.3%
Evidence
43/100
Touches
2
Resistance25.83
From price
11.3%
Evidence
72/100
Touches
4
Resistance31.68
From price
36.6%
Evidence
100/100
Touches
5
Resistance33.04
From price
42.4%
Evidence
94/100
Touches
4
Current reading
What the range shows
Current positionBelow accepted value
Price is at 3.6% of its latest 52-week range.
Fitted directionFalling
The fitted centre line is moving -0.63% per week.
Range pressureLower pressure
The current pressure reading is 25/100; 50 is balanced.
Next structural level21.55
Support is 7.1% from the latest close with 15/100 evidence strength.
Point & Figure
Price structure · volume at price
Point & Figure market structure
Each X marks a rising price box and each O marks a falling price box. Time is removed from the horizontal scale so reversals, breakouts and areas of heavy trading stand out.
MethodAdaptive scale
Smart Money
Close Price
Trend Line
Demand Threshold Line
Reversal Risk Level
Market Dynamics
Volume Action
Price Action
Market Dynamics
Rate of Change
0-1.5TopBottomRawCloseMarket Strength30W ROCVolume SupportPrice Action RibbonBuyFlip UpFlip Down
Price Cycle
Market Price Cycle
PC Activity Line
PC Trend Line
Next-State Map
Next-State Map
Historical one-week transition paths from similar completed-week states.
SMI
Weekly Close
Trend Line
Fair Value
Activity Lines
SMI
Chart Summary
Key Points
Week Ending
7 Aug 2026
Latest Close
23.20
12-Week Change
-10.42%
Trend Signal
Inactive
Next-Week Expectancy
Negative 41.39%
Signal Weeks
0 of 12
Vs Trend Line
Below
Vs Fair Value
Below
Relative Strength
-40.00
Market Dynamics
-1.30
Over the latest 12 completed weeks ending 2026-08-07, 6838 fell 10.42%, moving from 25.90 to 23.20. The latest weekly close is below the Trend Line and below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Relative Strength is -40.00 and has improved across the 12-week window. Market Dynamics is -1.30 on the latest week. Next-week expectancy is negative at 41.39% based on similar historical setup states.
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