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 ?
For added assurance, however, HSBC requested that Terrance Electric test 10 percent of the bundles, one victim cable in each bundle, which totaled 15 bundles per TR and MDF.
Armitage made an electric Test debut against the Pacific Islanders and was then an assured presence at fullback despite England's struggles against Australia, South Africa and New Zealand.
Armitage made an electric Test debut against the Pacific Islanders and was then an assured presence at full-back despite England's struggles against Australia, South Africa and New Zealand.