Alphabet Inc. (NASDAQ:GOOG) HR boss is stepping down

Alphabet Inc. (NASDAQ:GOOG) HR boss is stepping down

Alphabet Inc. (NASDAQ:GOOG) HR boss is stepping down

Google’s head of human resources Eileen Naughton announced that she would be stepping down from her role this year, as tensions between employees and management continue to roil the company.

Naughton will stay on at Google, but it’s not clear in what role. In statement provided by Google, Naughton said she was stepping down because she had decided to move back to New York.

“I’m at the very beginning of the process, and wanted to let everyone know upfront, as I’ll be working with Sundar and Ruth to find a great leader for the People Operations team,” Naughton said in a statement that Google provided to Business Insider.

Naughton, who has been with the company since 2006 and headed human resources for the past four years, led the company’s charge into becoming a massive operation. She spearheaded the recruitment of 70,000 new employees and doubled Google’s employee headcount.

But Naughton was also in charge of a workforce that grew increasingly angry with the company’s management, over its alleged handling of sexual harassment claims, elimination of town hall meetings, and tightening oversight of employees.

In November 2019, Google fired four employees for allegedly sharing internal information. The employees in question hit back, and filed charges of unfair labour practices.

In her statement, Naughton said that she was still in the process of stepping down, and said that no replacement had yet been found.

A statement from Google also confirmed that Naughton would be staying on with the company, although her future role remained undetermined.

“Over the past 13 years, Eileen has made major contributions to the company in numerous areas, from media partnerships, to leading our sales and operations in the UK and Ireland, to leading our People Operations team through a period of significant growth – during which over 70,000 people started their careers at Google,” a statement from Google CEO Sundar Pichai said. “We’re grateful to Eileen for all she’s done and look forward to her next chapter at Google.”

Technical Indicators

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 1,561.55.

The projected lower bound is: 1,463.62.

The projected closing price is: 1,512.58.

Candlesticks

A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
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.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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 87.9582. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 12 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 65.66. 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 10 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 122.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 11 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 10 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 29.450 at 1,508.680. Volume was 0% above average (neutral) and Bollinger Bands were 8% narrower than normal.

Open     High      Low     Close     Volume___
1,474.3201,509.5001,474.3201,508.680 1,419,876
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 1,464.66 1,395.83 1,240.18
Volatility: 32 22 30
Volume: 1,965,858 1,523,339 1,476,763

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 is currently 21.6% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 43 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.