The stock has also dropped about 24% in the previous month. Due to the stalemate in discussions on President Biden's Build Back Better proposal, which provided tax credits for hydrogen generation, hydrogen stocks have underperformed recently. Separately, the company's Q3 earnings released in November were below market expectations as well. Aside from that, the possibility of rising interest rates through 2022 has pushed down high-growth, high-multiple equities in general.

Will the stock of BE, which has dropped 24% in the previous month, continue to fall or will it begin to climb soon? According to past history, the stock of BE is more likely to fall in the coming months. BE stock has seen a twenty-one-day drop of 24% or more on 139 occasions in the previous three years, with 49 of these resulting in BE stock increasing over the following one-month period (twenty-one trading days). This historical trend indicates that BE stock has a 49 out of 139, or 37%, probability of rising in the future month, signalling that BE stock is not a smart investment in the near term.

Using data from the previous three years, the 'Event Probability' and 'Chance of Rise' were calculated. On 48% of the times when the stock moved 12% or more in a five-day period, the stock climbed in the following five days. After a ten-day move of 12% or more, the stock climbed 46% of the time in the following ten days. After sliding 24% or more in a twenty-one-day period, the stock increased 34% of the time in the next twenty-one days. This trend shows that a rise in BE stock is unlikely in the foreseeable future.

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