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 ?
com has yet to turn over the lead test results, even though NNP has pleaded for the lead test results immediately to ease the public fear caused by the recent public relations campaign launched by ConsumerLab.
Marilyn Furer, a grandmother from Illinois who last May used LeadCheck on her grandson's bib, wrote to the company recently after she saw the CPSC bulletin and had this to say: "A home lead test picked up the lead on the vinyl bibs.
There are brands of lead test kits from other manufacturers that, because of the technology employed, can result in less accurate and unreliable results -- as was found in the CPSC study.
But the identification of even one risk factor should trigger a blood lead test, according to the policy statement from the ACOG's Committee on Obstetric Practice.