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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.


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 ?
Statistical literacy can be defined as understanding the statistical tests and terminology needed for the design, analysis, and conclusions of original research or laboratory testing.
For research conducted in the field of visual impairment, which has a low-incidence population, locating the number of participants required for a strong statistical test can be a challenge.
Barker, A statistical test suite for random and pseudorandom number generators for cryptographic applications, BOOZ-ALLEN AND HAMILTON INC MCLEAN VA, (2001).
While the statistical test (and associated p value) can give us an estimate of chance differences, it alone is insufficient.
The test for significance is based on whatever statistical test was done in the study.
To interpret and use statistics, it is helpful to a) identify a null hypothesis, b) determine the type and level of data collected so that an appropriate statistical test is chosen, c) select a level of significance, and d) estimate the number of participants needed by choosing power and effect size.
What is still common in resources is that the zero hypothesis is accepted when a statistical test is not significant.
The uniformity of the P-values has also been examined quantitatively via an application of [chi square] test and the determination of a P-value corresponding to the Goodness-of-Fit distributional test on the P-values obtained for each statistical test (i.
According to the results of our experiments, choosing the interval of our PRNG's generated numbers in the range [0,2; 0,8] and using described above float number to bit encoding schema we get suitably random bits that pass NIST statistical test suite.
In that case, also, the statistical test, the significance level, and the p-value are called two-sided.
Section 1 is the largest and gives a very comprehensive overview of the basic principles of research and is particularly useful in matching research designs to the correct statistical test.
With the older technology of the MPT, there was very little running time at very high shear rates (high ram speeds), and therefore only fair test repeatability and statistical test sensitivity.

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