test

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Test

The event of a price movement that approaches a support level or a resistance level established earlier by the market. A test is passed if prices do not go below the support or resistance level, and the test is failed if prices go on to new lows or highs.

test

The attempt by a stock price or a stock market average to break through a support level or a resistance level. For example, a stock that has declined to $20 on several occasions without moving lower may be expected to test this support level once again. Failing to fall below $20 one more time would be considered a successful test of the support level and a bullish sign for the stock.
References in periodicals archive ?
Significance was measured using nonparametric Friedman's test of differences among repeated measures, rendering a [chi square] value of 14.
The Frees' test and the Friedman's test support the presence of cross-sectional dependence in the panel data (Table 3, Hall-Roeger model, Eq.
The non-parametric Friedman's test (two-way analysis of variance test) was conducted on the data to compare between the EF index for India and China.
Intra-group results of visual analogue scale test were analyzed by Friedman's test followed by Dunn's multiple comparison test.
Social awareness scores differed significantly with Friedman's test [chi square] (2) = 7.
The data was analyzed for descriptive statistics and non-parametrically analyzed using the Friedman's Test, Kendall's W Test and the Wilcoxon Signed Ranks Test.