The week changed the two recovery cases in different ways. Adobe closed at $239.30 on November 6, down 4.37% from October 30. Qualcomm closed at $165.41, up 0.38% across the same completed-session interval after its November 4 fiscal year-end report. QQQ fell 4.98%. These are unadjusted close-to-close price returns, excluding distributions. Price alone does not establish what caused a move.
| Completed regular-session measure | Adobe (ADBE) | Qualcomm (QCOM) |
|---|---|---|
| October 30 close | $250.23 | $164.79 |
| November 6 close | $239.30 | $165.41 |
| Weekly price change | −4.37% | +0.38% |
| November 6 50-session average | $251.24 | $178.11 |
| November 6 200-session average | $249.17 | $169.69 |
| Close versus both averages | Below both | Below both |
| Sum of latest four reported quarterly non-GAAP EPS | $23.65 | $10.53 |
| Price divided by that EPS sum | 10.12× | 15.71× |
Adobe: the nearer line is the 200-session average
Adobe daily chart, November 6 completed close. TradingView/NASDAQ: close $239.30; 200-session average $249.17; 50-session average $251.24. Open the full-size Adobe chart to inspect its candles and labels.
Adobe fell 4.37% across the close-to-close week and finished below both averages. A daily retest and close above $249.17 would be one step toward repairing the chart; a further daily close above $251.24 would address the remaining average. These levels are dated observations, not guaranteed support or targets. Adobe's latest reported fiscal third-quarter revenue was $6.76 billion, with company-defined non-GAAP EPS of $6.13. No later Adobe quarter is assumed.
Qualcomm: a positive week after new results, but below both averages
Qualcomm daily chart, November 6 completed close. TradingView/NASDAQ: close $165.41; 200-session average $169.69; 50-session average $178.11. Open the full-size Qualcomm chart to inspect its candles and labels.
Qualcomm rose 0.38% for the week but did not reclaim either average. Its November 4 fiscal fourth-quarter release reported GAAP revenue of $10.322 billion, non-GAAP revenue of $10.442 billion, GAAP diluted EPS of $1.17, and non-GAAP diluted EPS of $2.17. The company guided fiscal first-quarter 2027 revenue to $10.4 billion–$11.2 billion. A daily retest and close above the nearer $169.69 200-session line would improve the near chart picture; the $178.11 50-session line remains another dated hurdle.
What the adjusted multiples measure
The displayed ratios divide each November 6 close by the sum of its latest four reported quarterly, company-defined non-GAAP diluted EPS figures. Adobe's sum is $23.65. Qualcomm's rounded quarterly figures sum to $10.53; the issuer separately reports full fiscal 2026 non-GAAP EPS of $10.54. These issuers omit different items in their adjusted measures, so the ratios are not directly comparable GAAP valuations. Qualcomm's full-year GAAP EPS also includes a material tax benefit. A lower adjusted multiple alone does not show that either share is cheap.
The next check is whether a daily close reclaims the nearer average while later company disclosures support the earnings case. Published Recovery Watch archive · Daily Levels for November 6.
Market research only, not a recommendation to buy or sell.