Indicators with bright spots

The share price of Australian water treatment technology developer Parkway Corporate (ASX: PWN; FRA: 4IP) reached its twelve-month high of AUD 0.018 in August. The share price then fell steadily within the blue downward trend channel and began to bottom out in December at AUD 0.008, a level that has been maintained to date. In mid-January, the trend channel was broken by the current sideways movement.

The 100-day line is still clearly falling further and recently crossed the (only slightly falling) 200-day line recently to the downside.

While the average lines are therefore negative, the indicators show rays of hope that support the breakout from the downward trend.

The MACD indicator already generated a technical buy signal in December (the blue line crosses the red line upwards), which is still valid. The stochastic indicator did the same – the signal was given at the end of January.

The trend confirmer, which last traded above 100 in positive territory in September, is on the verge of jumping back above 100. The Chaikin Money Flow Index, which has been showing an inflow of capital into the share since November (with the exception of a short break during the Christmas period) due to its continuous trend in the green zone, is remarkable.

Stock market chart with candles, 100- and 200-day moving averages, volume indicator, MACD, slow stochastics, trend confirmation indicator and Chaikin Money Flow.

Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to publish comments, analyses and news on This content is intended solely for the information of readers and does not represent any kind of call to action; neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, it is in no way a substitute for individual expert investment advice and does not constitute an offer to sell the share(s) in question or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising/journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and its readers or the users of its offers, as our information relates only to the company and not to the reader’s investment decision.

The acquisition of securities involves high risks that can lead to the total loss of the capital invested. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the guarantee that the content of the articles offered here is up-to-date, correct, appropriate and complete is expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, clients or employees of GOLDINVEST Consulting GmbH hold shares of Parkway Corporate and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell Parkway Corporate shares at any time, which could influence the share price. In addition, there is a consultancy or other service agreement between Parkway Corporate and GOLDINVEST Consulting GmbH, which represents a further conflict of interest, as Parkway Corporate remunerates GOLDINVEST Consulting GmbH for its reporting.

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