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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 ?
Winners of a facebook competition page got to enjoy the thrill of rides at Yas Waterworld before anyone else as 'test pilots' for the rides
In addition to his job with Lockheed Martin, Flynn also served as the 201 1 president of the Society for Experimental Test Pilots, an organization that includes some of the biggest names in aviation history.
Major Hall said he will be "living his dream" by flying as an Air Force test pilot.
"Test pilots think of themselves as the bridge between the operator, being a pilot, and the engineers and design team."
Persuaded to leave the RAF for English Electric at Warton, he became chief test pilot, developing the Lightning and moving onto the TSR2.
Alex Henshaw, 93, was the chief test pilot for the Spitfire throughout most of the war, based at Castle Bromwich in the West Midlands.
Our test pilot had been flying at 10,000 feet for 10 minutes when the photo was taken.
Changed its view of the project from a precertification program to a test pilot, agreeing to seek outside expertise to validate sample selection and data.
The first test pilot remarked that the flight control system was too sensitive and displayed problems with lateral and pitch oscillations.
A TOP test pilot has escaped death in a mid-air ejection drama - just after putting on a display at the Portrush Air show.