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Trading the Levels › GOODO › Levels › Initial balance

GOODO Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 5:10 AM ET · Initial balance = 9:30–10:30 AM ET
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On Nov 5 GOODO's initial balance (first hour) was $17.66 – $17.75, a range of $0.09.
Best for: intradayHold: same dayPrice $17.68 · 15-min delayed
IB high17.75
IB low17.66
IB range$0.09
Price (15-min delayed)17.68

GOODO 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:3017.72p17.75IB high 17.7517.66IB low 17.6617.68
- - - IB high- - - IB lowShaded = first hour

Where GOODO sits in its zone

The delayed price $17.68 is at the bottom 25% of its daily zone ($17.51 – $18.27).

17.51 · bottom 25%middletop 25% · 18.27
  • Setups to watch: a reversal up from the zone bottom, or a break below it.
  • Prior move: GOODO moved down from $18.27 (the last daily swing) to $17.68, about 2.0 ATR. The move is not stretched yet.
  • Reversal check: a hammer or bullish engulfing candle near $17.51.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 0.8× on Nov 5).
  • Zone tests: price pushed above the zone top 1 time and fell back, and dipped below the bottom and recovered 1 time. Each test can weaken a zone.
  • Distance: 0.59 ATR to the zone bottom, 2.03 ATR to the zone top (ATR ≈ 0.29).

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

  • GOODO traded above its initial balance on 5 of 10 days and below it on 8; both sides on 4.
  • The average IB range was $0.16.
  • Gap: GOODO opened Nov 5 at $17.74, a gap up of 0.8% from $17.60; the gap was not filled.
  • Round numbers nearby: $17.00, $18.00, $19.00.

Combined conditions

  • The 30-minute opening range ($17.62–$17.75) sits inside the first hour. VWAP $17.71.
  • The delayed price is at the bottom 25% of the daily zone: the reversal and breakout setups are both live.
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How to trade around GOODO's initial balance levels

1. IB breakoutA 5-minute close above $17.75 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $17.66 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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GOODO initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 517.7517.66$0.09NoYes
Nov 417.7017.66$0.05YesYes
Nov 317.9717.90$0.07NoYes
Nov 218.2717.95$0.32NoYes
Oct 3017.9117.49$0.42YesNo
Oct 2917.8017.60$0.20YesYes
Oct 2817.7717.71$0.06YesYes
Oct 2717.7917.72$0.07YesYes
Oct 2617.8517.70$0.15NoNo
Oct 2318.0817.87$0.21NoYes

FAQ

What is GOODO's initial balance today?

On Nov 5: high $17.75, low $17.66 (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 GOODO break its initial balance?

In the last 10 sessions it went above the IB on 5 days and below it on 8 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 GOODO 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 GOODO in its zone now?

At the bottom 25% of the daily zone ($17.51 – $18.27), based on the delayed price.

On SEPT: see GOODO'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.