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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 ?
Tammy Crewe It's hard to believe this is not a routine test in the UK; it is in the States and in many other nations.
"Armitage is alleged to have pushed and used threatening and/or abusive and obscene language towards a doping control officer from UK Anti-Doping during a routine test immediately after the Premiership game against Bath Rugby at the Madejski Stadium on January 1, 2011.
They found that Naylor had failed to undertake a routine test for TB and could not identify his cattle in accordance with the requirements of the Cattle Identification Regulations.
A Challenger 604 business jet manufactured by Bombardier Inc crashed while making a routine test flight on 10 October.
Washington, July 9 (ANI): A new discovery could lead to a simple, routine test for detecting the subtle onset of diabetes, say scientists.
And the distressing facts reveal that the babies could have been saved from the disease if their mums had had a routine test during pregnancy.
While primarily directed toward quality control laboratories, conversion and coating lines, Spec-1 can also handle much of the routine test workload in research and development, according to the company's literature.
The members of the King's Troop, Royal Horse Artillery, were caught after a routine test of their unit, whose main ceremonial role is to perform gun salutes to mark royal occasions.
Ray Wilson, head teacher, said the rumours may have started because a routine test of water tanks at the school had been carried out earlier this week.
It is thought the samples were each contaminated by traces of tuberculosis after a routine test in the summer.
A microprocessor embedded in the tester controls the drive and acquires the volumes of test data involved in routine test programs under D412 B, which calls for a testing speed of 20 in./min.
Scientists around the world were yesterday destroying vials of a killer-flu strain which were sent to thousands of laboratories as part of a routine test kit, risking a global flu epidemic.