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 ?
The results of a V-test indicated that the mean time of release for mole crabs in the ambient photoperiod (Fig.
With V-TEST and TestStream, we can meet these new guidelines and actually significantly reduce our testing time.
BOSTON--(BUSINESS WIRE)--June 15, 1995--ITT Sheraton has welcomed Performance Software's V-TEST, the automated software testing solution for enterprise servers, to automate its quality assurance regimen for the hotel chain's critical reservation system.