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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 current barrier test will continue but the vehicles will also have to pass the pole test, which is a much more aggressive test.
1 standard, recently adopted by the Accredited Standards Committee O5 (ASC O5) requires that full-scale pole tests be conducted following the American Society for Testing and Materials (ASTM) D 1036 standard or an equivalent procedure.
The beam also passes the Insurance Institute for Highway Safety (IIHS) 5-mph rear pole test.
After the Phase I Vehicle Assessment test which was completed for Green Automotive in February," said Ben Rainwater, Executive Consultant to the Company, "it was determined that the All-Electric SUV should be subject to a side impact test and in particular the Federal Motor Vehicle Safety Standards (FMVSS) part 214 Oblique Pole Test primarily because it is the more stringent of three (3) separate side impact tests that are required to comply with FMVSS 214.
Tenders are invited for 3 qty of switch test 10 pt back, 1/8" or 1 1/2" 10 pole test switch, c-c c-c c-c c-c p-p back connected, plastic cover, with hardware for 1 1/2" panel.
Euro NCAP's assessment involves front and side collisions plus a pole test.