NEO Just Breached This Major Moving Average Level

The Hourly View for NEO

  • Currently, NEO’s price is up $0.06 (0.53%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as NEO has now gone up 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NEO’s hourly price chart is shown below.

NEO

The Daily View for NEO

  • At the time of this writing, NEO’s price is up $0.62 (5.74%) from the day prior.
  • The daily chart shows that NEO has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between NEO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in NEO’s price.

Below is a daily price chart of NEO.

NEO

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