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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
After the rotenone injection, rats were subjected to open field test, beam walking test, and pole test to observe the motor coordination and balance.
(b, c, d) Neurological function (b) evaluated with mNSS and movement function (c, d) assessed by pole test at 14 d and 28 d after reperfusion injury.
The protective effect of Sal against PD-related behavioral disorders was evaluated by pole test and open field test in the MPTP-induced PD mouse model.
The compact SUV was tested with an optional side thorax airbag but its test results showed a poor protection levels, particularly in the side pole test. In pedestrian protection, the Compass scored a disappointing 23 percent.
They include a 40mph frontal impact, a 30mph side impact and a 29mph pole test - where the car is propelled sideways into a rigid pole.
England's Jason Leonard passes the pole test during training yesterdayPicture/GETTY IMAGES
The 14 percent coefficient of variation on modulus of rupture determined for the poles tested in this study is low compared with that determined for the majority of pole test studies conducted on U.S.
The beam also passes the Insurance Institute for Highway Safety (IIHS) 5-mph rear pole test. Molded of GE Plastics' Xenoy PC/ABS alloy, the beam replaces 19 parts and is 3 lb lighter than the aluminum/PP foam system it replaces.