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 ?
The Polymedco tests can help increase patient compliance rates, because, unlike Guaiac tests, they require a single stool sample, have no dietary or medicinal restrictions, and have a completely closed sampling device.
To monitor safety, mammograms, well-woman examinations, Pap smears, stool guaiac tests and clinical blood chemistries will be performed.
The Advisory Group noted that "immunochemical tests have advantages over guaiac tests," and recommended that the ACS fecal occult blood testing guideline be revised to include the following language, "in comparison with guaiac-based tests for the detection of occult blood, immunochemical tests are more patient friendly and are likely to be equal or better in sensitivity and specificity.