Alphabet Inc. (NASDAQ:GOOG) strives for transparency
After employees walked out to protest its handling of sexual misconduct allegations—including payouts to executives—the company promised change. Now it’s bringing new details to light.
Google wants to clear the air about its culture of harassment—but that means letting specifics emerge.
The company is facing renewed scrutiny over how it addresses claims of sexual harassment and abuse in the workplace, an issue that led to a walkout in November. The company has promised reform and more transparency.
Alphabet initially required shareholders’ lawyers to conceal information in the complaint about the $150 million stock award to Rubin, on grounds it was confidential, according to [Louise Renne, a lead lawyer for the plaintiffs]. Alphabet then rescinded its demand. Google declined to comment on that decision.
“My hope is this is a step toward transparency,” Renne said, referring to Alphabet’s decision to not fight the information being unsealed. “The reason we brought this shareholder lawsuit was to have some transparency governing corporate affairs, as well as the behavior being completely inappropriate conduct toward women,” she said.
One allegation unsealed Monday is that Amit Singhal, a top Google executive who left the company in 2016, was allowed to resign after accusations that he sexually harassed a female employee were found credible and he was given an exit package worth between $35 million and $45 million. Singhal would go on to work for Uber Technologies Inc., but resigned from the ride-hailing company after Recode reported that he hadn’t told Uber about the reasons he left Google. Singhal, who has denied the harassment claims, didn’t immediately respond to a request for comment.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 1,114.82.
The projected upper bound is: 1,246.35.
The projected lower bound is: 1,146.02.
The projected closing price is: 1,196.19.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles–this makes the current rising window even more bullish.
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 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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 80.3752. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 3 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 70.74. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 101 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 166.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed up 17.440 at 1,193.200. Volume was 18% above average (neutral) and Bollinger Bands were 1% narrower than normal.
Open High Low Close Volume___
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,149.92 1,100.48 1,125.61
Volatility: 22 29 32
Volume: 1,406,155 1,482,140 1,630,932
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.
ALPHABET INC C gapped up today (bullish) 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 6.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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 6 periods. Our momentum oscillator is currently indicating that GOOG.O is currently in an overbought condition.
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