Taking everything into account, MLAAH scores 2 out of 10 in our technical rating. MLAAH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MLAAH is a bad performer in the overall market: 91% of all stocks are doing better.
MLAAH is part of the Food Products industry. There are 58 other stocks in this industry, of which 82% are performing better than MLAAH.
MLAAH is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: MLAAH has an average volume of 3150 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MLAAH has a been trading in the 0.03 - 0.03 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.