SEPTDelayed dataOpen live chartTry it free for 7 days
Trading the Levels › IGLB › Levels › Initial balance

IGLB Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 3:30 AM ET · Initial balance = 9:30–10:30 AM ET
Delayed data. Levels on this page are delayed. For real-time levels on your chart, sign up for SEPT, free for 7 days →
On Nov 5 IGLB's initial balance (first hour) was $46.99 – $47.16, a range of $0.17. The first 5-minute close outside it came at 10:30 AM ET, below the range.
Best for: intradayHold: same dayPrice $47.17 · 15-min delayed
IB high47.16
IB low46.99
IB range$0.17
Price (15-min delayed)47.17

IGLB 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:304747.147.210a12p2p47.16IB high 47.1646.99IB low 46.9947.17
- - - IB high- - - IB lowShaded = first hour

Where IGLB sits in its zone

The delayed price $47.17 is at the middle of its daily zone ($46.96 – $47.26).

46.96 · bottom 25%middletop 25% · 47.26
  • Setups to watch: direction is undecided in the middle. Wait for price to reach one edge, then decide between reversal and breakout.
  • Prior move: IGLB moved up from $46.52 (the last daily swing) to $47.17, about 1.7 ATR. The move is not stretched yet.
  • Reversal check: a hammer or bullish engulfing candle near $46.96.
  • Reversal check: a shooting star or bearish engulfing candle near $47.26.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 2.0× 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: 0.54 ATR to the zone bottom, 0.23 ATR to the zone top (ATR ≈ 0.39).

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

  • IGLB traded above its initial balance on 5 of 10 days and below it on 7; both sides on 2.
  • The average IB range was $0.18.
  • Gap: IGLB opened Nov 5 at $47.07, a gap down of 0.2% from $47.17; the gap was filled.
  • Round numbers nearby: $40.00, $45.00, $50.00.

Combined conditions

  • The 30-minute opening range ($47.04–$47.16) sits inside the first hour. VWAP $47.18.
  • The delayed price is at the middle of the daily zone: wait for an edge.
Try SEPT free to test which combination of levels gives the best win rate and R:R for your trading. Start your 7-day free trial →

How to trade around IGLB's initial balance levels

1. IB breakoutA 5-minute close above $47.16 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $46.99 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 →

Want to know the odds of this setup? Try SEPT free for 7 days to find out and improve your trading strategy or setup.

Too busy to watch levels all day? Let SEPT do the work

Every level drawn live

Premarket, RTH, VWAP, pivots, zones, KPL and more draw on your chart in real time. No more marking levels by hand every morning.

GOAX, your AI trading assistant

Ask GOAX to analyze any stock’s levels, zones and setups and explain what matters today, in plain words.

GOAX watches your positions

GOAX monitors your open positions and alerts you when price nears a key level, a stop or a target.

Real-time alerts on your own setup

Build your alert from your signal condition, your confirmation condition and your entry condition. SEPT watches every stock in real time and alerts you on desktop or phone the moment all of them line up, plus simple alerts on any level, zone or line you drew.

Screener & Setup Builder

Find stocks sitting at their levels right now, and build and test your own setups to see the odds.

Practice, then recap with GOAX

Practice trading the levels with paper trades on the live chart, then recap every trade with GOAX. Replay up to 20 years of real market data, bar by bar.

Want to know your setup's odds?

Try SEPT free for 7 days to find out, and use the Setup Builder to find the best combination of levels to improve your win rate and R:R. All levels are live on the SEPT chart.

IGLB initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 547.1646.99$0.17YesYes
Nov 446.9746.74$0.22YesNo
Nov 346.6746.52$0.15YesNo
Nov 247.0646.89$0.17YesYes
Oct 3047.1746.98$0.20NoYes
Oct 2947.2746.97$0.30NoYes
Oct 2847.2947.13$0.16NoYes
Oct 2747.0847.01$0.07YesNo
Oct 2647.1847.02$0.16NoYes
Oct 2347.0246.84$0.18NoYes

FAQ

What is IGLB's initial balance today?

On Nov 5: high $47.16, low $46.99 (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 IGLB break its initial balance?

In the last 10 sessions it went above the IB on 5 days and below it on 7 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 IGLB 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 IGLB in its zone now?

At the middle of the daily zone ($46.96 – $47.26), based on the delayed price.

On SEPT: see IGLB'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.