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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 demand for industrial scale wet natural gas flow test facilities is usually from three types of projects.
coli O157:H7, the industry's quickest test system for the dangerous foodborne pathogen; Reveal for Peanut Allergen, a simple lateral flow test to detect peanut residues in 10 minutes or less; and the remainder of Neogen's lateral flow tests for pathogens, GMOs, and ruminant material.
Linc Energy is aiming to have the Flow Test Rig on site in late March 2011.
As stated in the previous ACOR press release, flow test #1 test on the Longtom 3 well over the upper sands (400 reservoir sands) achieved an initial flow rate of approximately 30 Million cubic feet of gas per day before being choked back to achieve a stabilized rate.
As part of preparing for the Company's Pilot program Sino Gas is currently mobilising CCDC to conduct a flow test on the TB08 gas discovery well.
A further update on the Moeller #1 testing program and any flow test results will be provided once the entire testing program is complete.
The results of the well and the flow tests are being interpreted and will be integrated into the 3-D seismic data to determine where subsequent drilling will take place.
Software leads the user through an automated standard flow test.
6 /PRNewswire/ -- TransTexas Gas Corporation (Nasdaq-NNM: TTXG) today said that its press release of December 4 reporting the flow test rate of the Heart River No.
Nasdaq: TOFF) announced today the results of a flow test on its Ewing Bank 1003 No.
A four point flow test was conducted at various chokes with stable wellhead pressures.
NASDAQ: OESI) announced today that the flow test of the KS-8 well drilled by Puna Geothermal Venture (PGV) in Puna, Hawaii has been successfully completed.