NEO is currently trading at $3.44, reflecting a significant decline of 5.29% over the last 24 hours. The price action has been relatively stable within a daily range of $0.26, with a high of $3.66 and a low of $3.40, indicating bearish pressure in the short term.

The trading volume stands at approximately 9.43 million, contributing to a volume-to-market cap ratio of 3.89%. This low ratio suggests a lack of significant buying interest, as indicated by a 1-hour RSI of 11, which signals oversold conditions and potential short-term reversal opportunities.

Looking at moving averages, the 8-period SMA at $3.58 indicates a decline of 3.85%, while the longer-term moving averages show even more significant losses, with the 144-period SMA at $3.67 reflecting a decline of 6.18%. This consistent downtrend across various timeframes suggests that NEO is currently facing strong resistance levels and bearish sentiment in the market.

From a longer-term perspective, the 7-day RSI is at 44, indicating neutral momentum, but the 7-day price change of -14.65% highlights ongoing downward pressure. Additionally, both the 14-day and 30-day price changes are negative, suggesting that the overall trend remains bearish and that market sentiment is still weak.

Given the current market conditions, including a lack of volume support and negative price trends across multiple indicators, the recommendation for NEO is to Hold. While it may be oversold in the short term, the broader bearish trend and resistance levels indicate that entering a position now could lead to further losses. A reversal may be possible if the price stabilizes above key moving averages, but caution is advised until clearer bullish signals emerge.