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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 ?
It is a model of the natural world, composed of testable theories used within the realm of science.
"If all perspectives endlessly argue past each other and we have no points of contact whatsoever" they write, "all public discussion is reduced to story-swapping." Their answer to the threat of epistemological relativism that a foundationless truth poses is a critical hermeneutic approach in which "we realize that while we stand in a specific tradition and do our interpretive work from a particular socio-historical matrix, we can still offer solid, public, and tested reasons for the plausibility of both our religious and empirical propositions." But how is this possible if what counts as solid and testable is understood differently by the disciplines doing the testing?
Knowing that this possible explanation for a set of observations must be testable, he stated his hypothesis this way: Increasing the voltage of an electric dragster will increase the car's maximum speed.
For many of the contributors to this volume, theory is a method for describing preindustrial societies, rather than a set of testable propositions derived from a model.
This ought to be a testable hypothesis, suggesting that we should see a decline in marriage statistics once same-sex partnerships are legalized.
The controversial new law states: 'American history shall be viewed as factual, not constructed, shall be viewed as knowable, teachable, and testable, and shall be defined as the creation of a new nation based largely on the universal principles stated in the Declaration of Independence.' The Florida statute does not attempt to define American history, but rather lists the eras and areas that should be covered.
Some boundary scan systems provide tools to extend the test coverage by including non-boundary scan circuitry typically not testable with an automatically generated test pattern.
In fact, it is not strictly speaking a "theory" at all: i.e., a testable hypothesis with explanatory and predictive power.
Moreover, ID was decisively debunked as a scientific theory--it invokes supernatural causes; it has not generated one hypothesis that is empirically testable; it is not supported by one single peer-reviewed publication; it neglects plausible naturalistic explanations of phenomena, like blood-clotting; and its "positive argument" is a weak argument by analogy.
"Even to develop a testable hypothesis is not very simple at all.
As prescribed by the JCIDS process, JITC will participate in the technical assessment of all IT and NSS capability and requirements documents to ensure interoperability requirements are specified in measurable and testable forms.
The result was that teachers and administrators became obsessed with financial rewards and punishments, and curriculums were narrowed to include only the testable basics.