The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band. Look for some price strength before taking any bullish positions based on this indicator. The market just signaled a bullish key reversal off a 9 bar new low, suggesting that a rally is possible here. Volatility is trending up based on a 9 bar moving average.
Momentum is in bullish territory.
And, a bullish key reversal off a 9 bar new low here suggests an upside move is likely. Rate of Change is in bullish territory. And, a bullish key reversal off a 9 bar new low here suggests an upside move is likely. A signal is generated only when the CCI crosses above or below the neutral center region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this.