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Trading the Levels › SLN › Levels › Swing

SLN Swing Highs, Swing Lows and Trend

Updated Nov 6, 2026, 2:49 AM ET · Zigzag swings from 5-minute to daily
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On the daily chart SLN's trend reads channel down, last swing LL at —. The last swing high was $12.50 (Sep 22) and the last swing low $9.05 (Oct 8).
Best for: intradayHold: same dayPrice $19.48 · 15-min delayed
Daily trendchannel down
Last swing high12.50
Last swing low9.05
Break level17.58

SLN daily chart: last swing high and low

8101214161820Aug 13Aug 27Sep 11Sep 25Oct 9Oct 2312.50Swing high 12.509.05Swing low 9.0519.72
- - - last swing high- - - last swing low

Where SLN sits in its zone

The delayed price $19.48 is below its daily zone ($19.56 – $19.61), 0.14 ATR under the bottom.

19.56 · bottom 25%middletop 25% · 19.61
  • Setups to watch: the zone broke. Watch for a reclaim back into the zone (false breakdown) or a continuation lower.
  • Prior move: SLN moved up from $9.05 (the last daily swing) to $19.48, about 17.9 ATR, so the move is extended. Traders often watch the reversal first here.
  • Reversal check: a hammer or bullish engulfing candle near $19.56.
  • Breakout check: RVOL above normal on the break (last day's RVOL: 0.3× on Nov 5). Next zone below: $14.62 – $17.58.
  • Zone tests: price pushed above the zone top 0 times and fell back, and dipped below the bottom and recovered 0 times. Each test can weaken a zone.

Why swing matters

Swing highs and lows are the turning points that define a trend. Higher highs and higher lows mean an uptrend; lower highs and lower lows mean a downtrend. Breaking the last swing is often the first sign the trend is changing.

How traders use it

  • In an uptrend, traders buy pullbacks that hold above the last swing low.
  • In a downtrend, traders sell rallies that fail below the last swing high.
  • A break of the last swing low in an uptrend (or high in a downtrend) warns of a change.

Trend by timeframe

  • 5-minute: range, last swing EH at —, break level $19.41.
  • 15-minute: mixed, last swing LL at —, break level $19.86.
  • 1-hour: mixed, last swing LL at —, break level $19.86.
  • Daily: channel down, last swing LL at —, break level $17.58.
  • Gap: SLN opened Nov 5 at $19.78, a gap down of 0.1% from $19.80; the gap was filled.
  • Round numbers nearby: $18.00, $19.00, $20.00.

Combined conditions

  • Daily zone $19.56–$19.61; VWAP $19.76. Swing levels that line up with zones are the strongest.
  • The delayed price is below the daily zone: watch for a reclaim or a continuation lower.
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How to trade around SLN's swing levels

1. Hold above the swing lowAs long as SLN stays above $9.05, the swing low holds; a daily close under it would break the structure.
2. Break above the swing highA daily close above $12.50 would make a higher high and is read as trend strength.

For more setups and trading strategies, click here →

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SLN daily swings

DateSwingPriceReaction
Oct 8Low9.0514.7% (2.3 ATR)
Sep 22High12.5011.8% (3.99 ATR)
Sep 21Low12.033.9% (0.68 ATR)
Sep 2High15.2812.6% (2.65 ATR)
Aug 13Low13.369.2% (0.66 ATR)
Aug 10High17.5822.9% (2.65 ATR)
Aug 3Low10.3214.6% (1.44 ATR)
Jul 22High11.908.6% (1.1 ATR)
Jul 20Low10.1617.1% (2.39 ATR)
Jul 17High11.199.2% (1.23 ATR)

FAQ

Is SLN in an uptrend or downtrend?

On the daily chart the swing pattern reads channel down, with the last swing LL.

On SEPT: see the trend on every timeframe at once. Try it free →
What is SLN's last swing high?

$12.50 on Sep 22.

On SEPT: swing highs and lows are marked on your chart automatically. Try it free →
What is SLN's last swing low?

$9.05 on Oct 8.

On SEPT: get an alert if SLN breaks its last swing low. Try it free →
What do HH, HL, LH and LL mean?

Higher high, higher low (uptrend), lower high, lower low (downtrend). They describe each new swing versus the last one.

On SEPT: every swing is labeled on the chart. Try it free →
What is a zigzag indicator?

A tool that connects swing highs and lows and ignores small moves, so the trend is easy to see.

On SEPT: zigzag swings from 5-minute to daily are built in. Try it free →
What are the odds SLN's trend continues?

Odds depend on the timeframe, how far price is from the break level and RVOL.

On SEPT: test trend setups on years of real data. Try it free →
Where is SLN in its zone now?

Below its daily zone ($19.56 – $19.61), based on the delayed price.

On SEPT: see SLN'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.