NYSE · EQUITY · ENHANCED MARKET DYNAMICS

HASI

Hannon Armstrong Sustainable Infrastructure Capital Inc

US · Financial Services · Asset Management

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EMD SCORE45/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain cautious, although the latest readings are improving.

Early repair20% directional agreement74/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: USD 36.49
Evidence: 156 weeks

Four-week EMD change+4.6 pts

signed chart scale −100 to +100

Four-week price-1.2%

completed closing prices

Current directional run5 weeks

on the same side of EMD zero

Recent consistency8/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 85%Current EMD -10.64-week EMD change +4.6Full saved history price range USD 14.58–42.12

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	15.12	-42.22	29	50	83
2023-10-27	14.58	-51.89	24	60	83
2023-11-03	18.92	-33.17	33	50	83
2023-11-10	16.65	-36.39	32	60	100
2023-11-17	20.30	-3.74	48	0	100
2023-11-24	20.41	-2.76	49	0	100
2023-12-01	22.06	17.01	59	67	100
2023-12-08	22.19	18.5	59	60	100
2023-12-15	25.23	45.42	73	100	100
2023-12-22	24.22	28.81	64	60	100
2023-12-29	24.32	27.22	64	60	100
2024-01-05	22.38	24.8	62	33	100
2024-01-12	22.11	13.32	57	0	100
2024-01-19	19.79	7.51	54	33	100
2024-01-26	20.79	20.13	60	60	100
2024-02-02	20.57	10.42	55	20	100
2024-02-09	21.04	22.63	61	67	100
2024-02-16	23.14	41.27	71	67	100
2024-02-23	21.62	15.96	58	33	100
2024-03-01	22.89	35.9	68	67	100
2024-03-08	22.89	34.45	67	67	100
2024-03-15	21.56	6.0	53	20	100
2024-03-22	23.55	32.6	66	60	100
2024-03-29	25.05	49.02	75	100	100
2024-04-05	23.81	31.25	66	60	100
2024-04-12	22.97	25.8	63	33	100
2024-04-19	22.35	29.29	65	60	100
2024-04-26	23.25	39.22	70	100	100
2024-05-03	23.27	43.71	72	100	100
2024-05-10	28.73	83.65	92	100	100
2024-05-17	28.55	64.19	82	67	100
2024-05-24	29.85	84.54	92	100	100
2024-05-31	29.82	81.28	91	100	100
2024-06-07	27.99	56.22	78	67	100
2024-06-14	28.15	64.99	82	100	100
2024-06-21	27.20	49.85	75	67	100
2024-06-28	26.51	40.57	70	60	100
2024-07-05	26.37	47.92	74	100	100
2024-07-12	29.73	70.93	85	100	100
2024-07-19	28.85	56.4	78	67	100
2024-07-26	29.78	70.02	85	100	100
2024-08-02	28.29	56.32	78	67	100
2024-08-09	27.90	51.03	76	100	100
2024-08-16	28.62	49.55	75	100	100
2024-08-23	30.21	55.22	78	100	100
2024-08-30	29.42	37.89	69	60	100
2024-09-06	29.16	41.02	71	60	100
2024-09-13	31.53	65.79	83	100	100
2024-09-20	31.48	51.0	75	67	100
2024-09-27	31.25	64.25	82	100	100
2024-10-04	31.78	73.23	87	100	100
2024-10-11	31.32	58.17	79	100	100
2024-10-18	32.28	64.83	82	100	100
2024-10-25	31.38	48.19	74	67	100
2024-11-01	31.66	48.88	74	67	100
2024-11-08	26.30	-14.26	43	33	100
2024-11-15	25.03	-31.44	34	67	100
2024-11-22	26.67	-14.33	43	33	100
2024-11-29	28.83	-4.31	48	20	100
2024-12-06	28.60	-3.1	48	20	100
2024-12-13	27.35	-18.63	41	33	100
2024-12-20	25.37	-31.1	34	67	100
2024-12-27	25.17	-32.41	34	60	100
2025-01-03	25.92	-23.92	38	33	100
2025-01-10	25.17	-38.51	31	67	100
2025-01-17	26.07	-23.8	38	20	100
2025-01-24	25.51	-32.31	34	60	100
2025-01-31	26.15	-31.1	34	60	100
2025-02-07	26.34	-16.77	42	0	100
2025-02-14	26.16	-28.71	36	33	100
2025-02-21	26.18	-26.48	37	33	100
2025-02-28	26.83	-17.51	41	50	100
2025-03-07	27.94	1.99	51	20	100
2025-03-14	27.14	-3.79	48	0	100
2025-03-21	27.36	-1.31	49	20	100
2025-03-28	27.49	3.12	52	50	100
2025-04-04	25.66	-7.43	46	0	100
2025-04-11	21.82	-38.37	31	60	100
2025-04-18	22.97	-27.09	36	33	100
2025-04-25	23.78	-26.47	37	33	100
2025-05-02	24.28	-25.98	37	33	100
2025-05-09	25.57	-8.68	46	0	100
2025-05-16	27.05	1.6	51	0	100
2025-05-23	23.96	-31.55	34	60	100
2025-05-30	23.75	-32.34	34	67	100
2025-06-06	24.08	-24.69	38	33	100
2025-06-13	25.62	-16.28	42	33	100
2025-06-20	24.29	-31.41	34	60	100
2025-06-27	26.23	1.93	51	20	100
2025-07-04	26.25	-0.13	50	20	100
2025-07-11	26.39	6.01	53	60	100
2025-07-18	25.70	1.0	51	20	100
2025-07-25	26.88	8.2	54	50	100
2025-08-01	24.73	-13.42	43	20	100
2025-08-08	24.75	-8.7	46	20	100
2025-08-15	26.61	6.31	53	60	100
2025-08-22	27.73	16.63	58	67	100
2025-08-29	27.19	15.55	58	50	100
2025-09-05	27.14	28.96	64	60	100
2025-09-12	26.91	22.95	61	60	100
2025-09-19	27.83	36.67	68	67	100
2025-09-26	29.38	55.69	78	100	100
2025-10-03	29.91	55.17	78	100	100
2025-10-10	28.78	38.73	69	60	100
2025-10-17	28.13	29.17	65	33	100
2025-10-24	28.23	37.28	69	67	100
2025-10-31	27.05	19.22	60	33	100
2025-11-07	31.26	72.67	86	100	100
2025-11-14	32.84	75.27	88	100	100
2025-11-21	31.70	58.42	79	67	100
2025-11-28	33.54	77.27	89	100	100
2025-12-05	32.62	57.36	79	67	100
2025-12-12	32.11	59.37	80	100	100
2025-12-19	31.81	49.14	75	67	100
2025-12-26	32.10	52.85	76	100	100
2026-01-02	31.46	47.09	74	100	100
2026-01-09	33.08	65.3	83	100	100
2026-01-16	34.08	67.51	84	100	100
2026-01-23	33.57	59.97	80	100	100
2026-01-30	34.02	65.4	83	100	100
2026-02-06	35.72	73.63	87	100	100
2026-02-13	39.25	84.7	92	100	100
2026-02-20	36.86	61.56	81	67	100
2026-02-27	36.11	59.78	80	67	100
2026-03-06	35.45	61.6	81	100	100
2026-03-13	35.01	47.54	74	67	100
2026-03-20	35.22	47.18	74	67	100
2026-03-27	35.92	57.15	79	100	100
2026-04-03	37.11	65.12	83	100	100
2026-04-10	38.92	70.45	85	100	100
2026-04-17	40.64	75.64	88	100	100
2026-04-24	41.75	78.34	89	100	100
2026-05-01	42.06	79.65	90	100	100
2026-05-08	40.60	57.34	79	67	100
2026-05-15	40.74	65.51	83	100	100
2026-05-22	40.16	62.08	81	100	100
2026-05-29	40.55	51.03	76	67	100
2026-06-05	38.25	37.29	69	67	100
2026-06-12	37.87	41.25	71	100	100
2026-06-19	38.63	43.91	72	100	100
2026-06-26	39.15	44.74	72	100	100
2026-07-03	38.26	27.77	64	60	100
2026-07-10	37.82	18.56	59	60	100
2026-07-17	38.42	21.56	61	60	100
2026-07-24	38.37	19.47	60	50	100
2026-07-31	37.87	9.89	55	20	100
2026-08-07	40.68	35.22	68	67	100
2026-08-14	42.12	42.81	71	67	100
2026-08-21	39.48	20.43	60	60	100
2026-08-28	39.54	32.34	66	100	100
2026-09-04	37.90	3.12	52	0	100
2026-09-11	36.94	-15.19	42	60	100
2026-09-18	36.30	-15.74	42	50	100
2026-09-25	36.02	-22.52	39	60	100
2026-10-02	36.27	-13.66	43	20	100
2026-10-09	36.49	-10.57	45	20	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	100	100	100	99	99	98	98	88	84	88	90	82	76	79	77	69	91	95	78	77	59	16	12	10	12	13
Momentum	92	94	93	81	67	64	67	61	59	65	65	66	61	58	53	53	73	77	65	67	50	44	45	42	49	55
Underlying pressure	80	88	92	94	93	89	83	72	59	51	44	37	32	29	26	26	30	41	46	51	47	33	26	23	21	23
Price & volume	67	65	65	31	52	54	43	34	58	63	61	49	46	49	55	44	64	60	30	56	30	37	51	44	61	68
Relative strength	98	98	98	94	94	90	88	79	72	75	84	69	58	69	70	59	71	80	61	58	39	32	26	20	22	21
Modeled Trend	90	90	91	91	91	91	91	91	91	91	91	90	90	89	88	88	88	88	88	88	87	86	86	84	83	81

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

81/100

LEAST SUPPORTIVE SOURCE

Trend

13/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER-5.8%

Median price return · 6 non-overlapping examples

Observed range: -16.1% to +4.5%
Positive returns: 33%
All-period comparison: +0.2% median

13 WEEKS LATER-2.3%

Median price return · 3 non-overlapping examples

Observed range: -5.6% to +14.0%
Positive returns: 33%
All-period comparison: +3.4% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

24 Oct 2025Down-cycle confirmedUSD 28.23

8 Nov 2024Down-cycle confirmedUSD 26.30

9 Aug 2024Down-cycle confirmedUSD 27.90

5 Jul 2024Down-cycle confirmedUSD 26.37

10 May 2024Upper cycle zone confirmedUSD 28.73

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS