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 ?
Mr Wilson said: "Samples of water were taken as part of routine tests on Wednesday.
The Diaz breath test was completed during that six-week period after the Health Department became concerned when a lab technician failed a routine test.
As his replacement was being sought, a technician failed a routine test given by the state health agency, and the state agency suspended the lab's license to test forensic and breath samples.
The ride was shut down June 8 after a malfunction during a routine test run.
Professional physician associations consider certain routine tests before elective surgery to be of low value and high cost, and have sought to discourage their utilization.
His management said that O'Grady had not undergone surgery and routine tests showed that he is well.