Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai hasn’t received an equity award in more than two years after he turned down a big new grant of restricted stock in 2018

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai hasn’t received an equity award in more than two years after he turned down a big new grant of restricted stock in 2018

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai hasn’t received an equity award in more than two years after he turned down a big new grant of restricted stock in 2018

Sundar Pichai was, for years, one of the world’s highest-paid corporate executives. Now he’s facing the opposite reality: No big paychecks at all.

The Google chief executive officer hasn’t received an equity award in more than two years. A key reason is that Pichai turned down a big new grant of restricted stock in 2018 because he felt he was already paid generously, according to a person familiar with the decision.

It’s unclear how much he passed up. But another giant payday — on top of hundreds of millions of dollars in previous awards — could have sparked a new round of controversy for the mild-mannered executive.

Technology companies are being increasingly blamed for all sorts of societal ills — including rising income inequality. Since getting the top job in 2015 for his engineering prowess, Pichai has had to address these concerns, while juggling a host of other politically charged issues.

“He may have looked at these numbers and said: ‘I’ve had enough’ — or he might just be trying to manage the optics of his pay,” said David Larcker, a professor who researches corporate governance at Stanford Graduate School of Business.

The board of Google parent Alphabet Inc. is scheduled to revisit the CEO’s pay later this year, said the person, who asked not to be identified discussing private matters. By then, almost all Pichai’s previous stock awards will have vested. That makes him an anomaly among U.S. corporate leaders, and is even raising questions about what’s next for the 46-year-old.

“Clearly there’s very little retentive effect left for Pichai,” said Fabrizio Ferri, an associate professor at the University of Miami who studies executive pay.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 1,180.63.

The projected upper bound is: 1,174.56.

The projected lower bound is: 1,055.65.

The projected closing price is: 1,115.10.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 15.9900. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 36.31. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 20 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -147.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 20 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -17.690 at 1,116.460. Volume was 5% above average (neutral) and Bollinger Bands were 23% narrower than normal.

Open High Low Close Volume___
1,127.5201,129.1001,108.2201,116.460 1,538,212

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1,147.02 1,191.97 1,133.19
Volatility: 31 31 34
Volume: 1,367,264 1,449,435 1,621,103

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
ALPHABET INC C is currently 1.5% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GOOG.O and have had this outlook for the last 18 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

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