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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Denver Developmental Screening Test. In: Mental Measurement Yearbook Ion-line database].
This is based on questions asked in the Denver Developmental Screening Test II (DenverII), the best-known and best-tested developmental screening tool.
For children between I year and 3 years of age the Denver Developmental Screening Test (Finkenburg et al., 1975) and/or the Bailey Scales (Bailey, 1967) were used to measure cognitive ability.

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