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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.
In this context, the ML Flow test could be useful, since it is an alternative to a slit skin smear and is simpler to execute.
The Roc-2 well has provided us with a significant amount of valuable new information, and the flow test result very clearly and unequivocally demonstrates the capability of these hydrocarbons to flow from quality reservoir within the basin.
LN), an emerging oil and gas exploration and production company, has announced that at the Agnello #1 horizontal well in the Vintage Hills prospect unit, initial flow tests from the target Austin Chalk formation indicated a range in production from 402 barrels of oil equivalent to 139 boe.
International Resource News-4 March 2009-Canadian Superior Announces Initial Flow Test Results(C)2009 ENPublishing - http://www.
The well will then be perforated and the well will be opened for a controlled flow test over a period of about a week.
The results of the analysis have confirmed three significant sand formation intervals that appear to be gas charged and which possess apparent permeability values indicating they are good candidates for a flow test.
Tri-Valley Corporation (NYSE Alternext US: TIV), a US-based oil, gas and gold exploration company, has announced successful flow test results.