NEO is currently trading at $2.78, reflecting a 24-hour decline of 2.90%, which indicates bearish momentum in the short term. The daily price range has been relatively tight, with a high of $2.88 and a low of $2.72, suggesting limited volatility as traders assess market conditions.

Trading volume stands at approximately 9.31 million, corresponding to 4.74% of the market cap, indicating a moderate level of interest in trading activity. The hourly moving averages reveal a bearish trend, with the 8 SMA at $2.78 showing a slight decline of 0.06%, while longer-term averages like the 55 SMA are slightly bullish at +2.30%.

The 1-hour RSI is at 38, entering oversold territory, which may indicate potential for a short-term bounce back, while the 7-day RSI at 50 suggests neutral momentum. The 7-day price change is positive at approximately 4.14%, contrasting with the 30-day decline of nearly 22%, highlighting recent recovery but long-term struggles.

Despite recent price fluctuations, NEO remains significantly below its all-time high of $198.38, established in January 2018. The combination of short-term bearish sentiment, low volume relative to market cap, and a long-term downtrend suggests caution is warranted.

Based on the current analysis, I recommend a Hold rating for NEO. The oversold conditions in the short term may provide opportunities for a bounce, but the long-term downtrend indicates further risk if broader market conditions do not improve.