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Trading the Levels › GHRS › Levels › Initial balance

GHRS Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 7:53 AM ET · Initial balance = 9:30–10:30 AM ET
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On Nov 5 GHRS's initial balance (first hour) was $19.02 – $19.79, a range of $0.77. The first 5-minute close outside it came at 10:30 AM ET, above the range.
Best for: intradayHold: same dayPrice $18.44 · 15-min delayed
IB high19.79
IB low19.02
IB range$0.77
Price (15-min delayed)18.44

GHRS 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:3018.318.418.518.618.718.818.91919.119.219.319.419.519.619.719.819.910a12p2p19.79IB high 19.7919.02IB low 19.0218.50
- - - IB high- - - IB lowShaded = first hour

Where GHRS sits in its zone

The delayed price $18.44 is at the top 25% of its daily zone ($15.00 – $19.00).

15.00 · bottom 25%middletop 25% · 19.00
  • Setups to watch: a reversal down from the zone top, or a breakout above it.
  • Prior move: GHRS moved down from $22.13 (the last daily swing) to $18.44, about 2.8 ATR. The move is not stretched yet.
  • Reversal check: a shooting star or bearish engulfing candle near $19.00.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 1.2× on Nov 5). Next zone above: $19.80 – $24.66.
  • Zone tests: price pushed above the zone top 1 time and fell back, and dipped below the bottom and recovered 5 times. Each test can weaken a zone.
  • Distance: 2.59 ATR to the zone bottom, 0.42 ATR to the zone top (ATR ≈ 1.33).

Why initial balance matters

The initial balance is the range set in the first hour, when the most orders hit the market. How the rest of the day treats it tells traders whether it is a range day (price stays inside) or a trend day (price extends far outside).

How traders use it

  • A break and hold above the IB high is read as a trend day up; below the IB low, down.
  • A narrow initial balance often leads to a bigger move later in the day.
  • A break that fails and returns inside often rotates to the other side of the range.

What happened over the last 10 sessions

  • GHRS traded above its initial balance on 4 of 10 days and below it on 6; both sides on 2.
  • The average IB range was $1.00.
  • Gap: GHRS opened Nov 5 at $19.69, a gap down of 1.2% from $19.93; the gap was not filled.
  • Round numbers nearby: $17.00, $18.00, $19.00.

Combined conditions

  • The 30-minute opening range ($19.02–$19.74) sits inside the first hour. VWAP $18.93.
  • The delayed price is at the top 25% of the daily zone: the reversal and breakout setups are both live.
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How to trade around GHRS's initial balance levels

1. IB breakoutA 5-minute close above $19.79 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $19.02 with volume is the breakdown signal; a quick reclaim is a failed break that often rotates to the IB high.

For more setups and trading strategies, click here →

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GHRS initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 519.7919.02$0.77YesYes
Nov 420.8619.25$1.61NoYes
Nov 321.3820.64$0.74NoYes
Nov 221.2720.47$0.80NoYes
Oct 3021.4020.39$1.01NoNo
Oct 2922.1320.74$1.39NoNo
Oct 2820.5319.52$1.01YesNo
Oct 2719.5918.75$0.84YesNo
Oct 2619.1618.09$1.07YesYes
Oct 2318.5917.86$0.73NoYes

FAQ

What is GHRS's initial balance today?

On Nov 5: high $19.79, low $19.02 (9:30–10:30 AM ET).

On SEPT: the initial balance draws on your chart at 10:30 AM automatically. Try it free →
What is the initial balance in trading?

The high and low of the first hour of regular trading, 9:30 to 10:30 AM ET.

On SEPT: combine the IB with VWAP and zones in one setup alert. Try it free →
How often does GHRS break its initial balance?

In the last 10 sessions it went above the IB on 4 days and below it on 6 days.

On SEPT: test IB breakout odds on years of real data. Try it free →
What is the difference between the opening range and the initial balance?

The opening range is the first 5, 15 or 30 minutes; the initial balance is the full first hour.

On SEPT: both draw on the chart, so you can compare them live. Try it free →
What does a narrow initial balance mean?

Often a quiet first hour that leads to a bigger move later, as orders build up.

On SEPT: screen for stocks with a narrow IB and rising RVOL. Try it free →
What are the odds GHRS trends beyond its IB?

Odds depend on the IB width, the gap, the trend and RVOL.

On SEPT: test the odds and find the conditions that improve them. Try it free →
Where is GHRS in its zone now?

At the top 25% of the daily zone ($15.00 – $19.00), based on the delayed price.

On SEPT: see GHRS's zone position live and let GOAX alert you at the zone edge. Try it free →

Data: SEPT market data engine. Delayed data; real-time levels are on the SEPT platform. Times in Eastern Time. Educational information only, not investment advice. No odds or win rates are shown on this page.