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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 ?
1 standard, recently adopted by the Accredited Standards Committee O5 (ASC O5) requires that full-scale pole tests be conducted following the American Society for Testing and Materials (ASTM) D 1036 standard or an equivalent procedure.
Rainwater, "we have a solid understanding of where we are now and where we need to be in relationship to compliance with FMVSS 214, and the Oblique Pole Test in particular.
To achieve five stars, a car has to perform exceptionally well in both the front and side impact tests as well as in Euro NCAP's new head protection or pole test.
In 1965, Wood [57] summarized the results of the pole test program and recommendations for the derivation of wood pole design stresses.
The pole test looks at potential injuries to the head.