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 Mann-Whitney U test of two independent groups for nonparametric data was applied to analyze the ordinal data.
Data were analyzed with Mann-Whitney U test, Wilcoxon signed rank test and Chi-square test based on statistical assumptions using Statistical Package for the Social Sciences for Windows (SPSS, version 10.
The Mann-Whitney U test determines if there is a shift in the center of groups of data in order to examine for differences in the number of students between periods, the number infected by gender, the number of males to females, the mean number of times each gender washes its hands, and the mean number of hand washings among periods.