NEO is currently trading at $4.08, reflecting a 2.69% decline over the last 24 hours. The price has established a daily range between $4.08 and $4.22, indicating limited volatility in the short term.

Trading volume stands at approximately 13.62 million, contributing to a relatively low volume-to-market cap ratio of 4.73%. This suggests that market interest is waning, potentially indicating weaker demand for NEO at current price levels.

The short-term moving averages are all trending downward, with the 8 SMA at $4.17 showing a decrease of 2.21%. This bearish trend is confirmed by the longer-term moving averages, with the 55 SMA at $4.24 and the 144 SMA at $4.21 both indicating persistent selling pressure.

Technical indicators reveal a 1-hour RSI of 41 and a 7-day RSI of 44, both of which suggest that NEO is approaching oversold conditions. However, the RSI levels are not yet low enough to indicate a strong buying opportunity, reflecting a lack of momentum in the price recovery.

NEO has experienced significant price declines over longer periods, with a 7-day price change of -7.02% and a 30-day price change of -17.80%. This sustained downtrend highlights a bearish sentiment among investors, which may continue to weigh on the price.

The all-time high for NEO was $198.38, reached in January 2018, underscoring the magnitude of its current underperformance. With the current price far from its historical highs, market participants may be cautious, focusing on technical support and resistance levels.

Given the current market dynamics, including declining price action, low trading volume, and bearish moving averages, the recommendation for NEO is to Hold. Entering new positions carries risk without clear bullish signals, while existing holders should monitor for potential downside breakouts or signs of reversal.