what is the opening range 
the term opening range or refers to a security s high and low price for a short period just after the market opens often the first fifteen minutes of the trading day day traders often monitor a stock s opening range because it can provide an indication of market sentiment and price trends for the day they often use the opening range to help secure and maximize their profitsunderstanding the opening rangethe opening range is one of several price ranges that technical analysts follow when watching a chart trading ranges in general can be a powerful indicator for technical analysts the opening range often shows strength weakness or a sideways trend with no clear sentiment most charts display the day s high and low which shows the exact trading range from open through the current time period many investors follow the opening range of a security s price before or after a significant announcement such as when a company releases its quarterly earnings report to gauge price direction investors may also choose to follow a stock s opening range to consider its sentiment in conjunction with a potential trading idea traders can use varying patterns other forms of technical analysis and multiple timeframes to track the opening range a stock s opening price in comparison to the previous day s closing price for example may help determine the day s trend traders can then apply bollinger bands which provide a hypothetical support and resistance band drawn two standard deviations above and below a stock price s moving average 