Allstate (ALL) has been in a strong and durable uptrend. The "good hands" seem to also have deep pockets.
In this one-year daily bar chart of ALL, above, we can see a large seven-month sideways consolidation pattern that ended in November when ALL turned higher again. ALL is above the rising 50-day moving average line and above the rising 200-day average line.
The On-Balance-Volume (OBV) line was virtually flat during the consolidation but quickly started to rise with the share price in November. Since November buyers of ALL have been more aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator has been above the zero line for most of the past year and has been in a more bullish setup since November.
This three-year weekly chart of ALL, above, is bullish. Notice how prices accelerated to the upside when they broke out above $72? Prices are above the rising 40-week moving average line and have been since February. The weekly OBV line shows a slow but steady rise and the weekly MACD oscillator is bullish.
This Point and Figure chart of ALL, above, show a breakout at $71. Taking a "count" across the last consolidation pattern and projecting it upwards yields a potential upside price objective of $91. Good hands indeed.