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 ?
Though testing of referral patients seen at a university hospital may be a cause of selection bias, inclusion of all consecutive patients in whom a pancreatic function test was indicated makes the prevalence of chronic pancreatitis in this collective potentially more representative of a more general setting.
Based on experience accumulated over many years, we have developed a tubeless pancreatic function test that provides a high sensitivity for chronic pancreatitis, close to that obtained by means of the invasive secretin--cholecystokinin test and higher than any other indirect test (1).
Fluorescein dilaurate serum test: a rapid tubeless pancreatic function test.