NEO is currently trading at $3.30, showing a 24-hour change of -4.45%, indicating a bearish trend in the short term. The daily price range has remained tight at 0.21%, with the current price situated close to the 24-hour low of $3.26, which suggests a lack of momentum for recovery.

Volume stands at approximately 14.77 million, representing 6.35% of its market cap, highlighting moderate trading activity. The hourly moving averages reflect a downward trajectory, with the 8 SMA at $3.32 indicating a short-term weakness and the 55 SMA at $3.46 showing a significant decline of 4.73%.

The 1-hour RSI is currently at 40, indicating a near oversold condition, while the 7-day RSI of 42 also suggests that NEO is nearing oversold territory. The recent price changes over various periods—7 days (-10.40%), 14 days (-13.75%), and 30 days (-8.70%)—confirm a continued downtrend.

From a technical standpoint, NEO is struggling to maintain upward momentum, and the moving averages show persistent bearish pressure. This aligns with the overall market sentiment, which appears cautious given the recent price performance and the proximity to the daily low.

Considering these factors, a Hold rating is appropriate at this time. Although there are signs of potential reversal, current bearish indicators and a lack of significant volume suggest that investors should wait for clearer bullish signals before committing to a buy.