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

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.
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 ?
In the present study, we performed both the NPT test and the AVSS test (with and without medication) using the RigiScan device and compared the findings of the two tests.
Psychogenic group included 21 patients with positive NPT test and organic group included 9 patients with negative NPT test.
(1) The other diagnostic methods, which are more invasive than NPT test, are color Doppler sonography, dynamic cavernosometry, and cavernosography.