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 ?
It has been shown that nearly 50% of patients with low serum cobalamin and a normal Schilling test are unable to absorb protein-bound cobalamin as opposed to the free cobalamin used in the Schilling test[11, 16, 21, 25].
These abnormalities, along with an abnormal Schilling test, have been referred to as type A (atrophic, fundal, or autoimmune) gastritis.
12] absorption in the seven patients was evaluated by the Schilling test I and by the design described above except that the blood samples were obtained only on days 0 and 1.
Schilling tests and/or egg-yolk cobalamin absorption tests (27) gave results within the appropriate reference intervals in all cases; normal food-cobalamin absorption implies a normal absorption of free cobalamin by Schilling test as well (6).