$SHELL | What Bollinger Bands Actually Show, 1-Hour Chart
Bollinger Bands are built from a moving average (the middle band) plus and minus a multiple of how much price has been swinging around that average lately (the standard deviation). Wider bands mean price has been bouncing around a lot; narrower bands mean it's been relatively calm.
On SHELL's 1-hour chart right now, the bands sit at an upper level of 0.02773, a middle level of 0.02711, and a lower level of 0.02648, a gap of about 4.72% between the top and bottom band. The current price of 0.02714 is sitting just above the middle band, about 0.11% higher.
That's a fairly tight band spread for the 1-hour chart, meaning recent hourly price swings have been modest compared to what's visible on longer timeframes.
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