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 ?
Psychogenic group included 21 patients with positive NPT test and organic group included 9 patients with negative NPT test.
On the other hand, an interest in the AVSS test has recently developed as a more physiological and cost-effective alternative to the NPT test.
The cross table of NPT and AVSS test results Psychogenic AVSS Total results Organic Psychogenic Patient 18 3 21 number Expected 14 7 21 patient number %in NPT test 85,7 14.