NEO is currently trading at $2.83, reflecting a 24-hour decline of 2.46%. The price has oscillated between a high of $2.97 and a low of $2.82 in the past day, indicating a tight daily range of 0.15%, which suggests limited volatility.

The trading volume stands at 8,034,374, representing 4.04% of NEO's market cap, which can indicate moderate trading activity. Short-term moving averages are all showing negative trends, with the 8 SMA at $2.93 reflecting a 3.27% decline, while the longer 144 SMA at $2.75 shows a more positive change of 3.05%, suggesting a potential support level.

The 1-hour RSI is at 26, indicating that NEO is currently oversold in the very short term. However, the 7-day RSI at 53 suggests that the asset is in a more neutral position, while the 14-day RSI shows a bearish trend, highlighting broader downward momentum.

From a price action perspective, NEO has experienced significant declines over the past month, with a 30-day price change of -25.58%. This decline is exacerbated by a longer-term perspective, as the asset is still far from its all-time high of $198.38, reached in January 2018.

Given the current oversold conditions reflected in the short-term RSI and the potential for a price correction, there is a chance for a short-term rebound. However, the overall trend remains bearish, and with significant negative price momentum in the longer term, caution is warranted.

In conclusion, I recommend a Hold rating on NEO. The market shows signs of potential recovery in the very short term, but the broader bearish trend and recent price declines suggest that investors should remain cautious before initiating new positions.