--- title: "Pre-market trend | TIANGONG INT'L (0826.HK) 5/5 Steel stocks are sluggish, has the short signal quietly confirmed?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285174081.md" description: "Yesterday's closing, TIANGONG INT'L slightly fell by 0.60%, closing at HKD 3.32, with a trading volume of approximately HKD 6.27 million. The trend was flat but leaned weakly. The MACD daily line showed a death cross below the zero axis, and although the decline was not large on that day, this technical signal indicates that short-term bearish forces are gradually gaining an advantage, and the stock price lacks the momentum for an upward breakthrough. The trading volume was relatively limited, and the market's attention on this stock was low, with insufficient liquidity also increasing the uncertainty of price fluctuations. Overall, TIANGONG INT'L has been oscillating in a narrow range of HKD 3.30-3.50 recently, but the focus is gradually shifting downward. On the news front, the overall prosperity of the steel industry remains low. The news that Indonesia plans to impose export taxes and windfall taxes on nickel has raised market concerns about changes in the cost of raw materials for special steel. As a leader in special steel and tool steel, TIANGONG INT'L's product structure is relatively high-end, but fluctuations in upstream raw material prices will still affect profit expectations. Meanwhile, global manufacturing PMI data shows a slow recovery process. Although U.S. factory orders in March exceeded expectations, they were mainly driven by AI-related capital expenditures, and the signals for a rebound in traditional steel demand remain unclear. The Hong Kong stock market's steel sector is generally quiet, lacking sector-driven momentum. From a technical perspective, HKD 3.30 is the lower edge of the recent oscillation range, and if it effectively breaks down, it may trigger further selling. However, the current trading volume is extremely low, and price fluctuations may be amplified, so it is not advisable to over-interpret the single-day trend. The strength of the MACD death cross below the zero axis in a low liquidity environment should be viewed with caution, and the key is to see whether the following trading days will be accompanied by increased volume" datetime: "2026-05-06T01:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285174081.md) - [en](https://longbridge.com/en/news/285174081.md) - [zh-HK](https://longbridge.com/zh-HK/news/285174081.md) --- # Pre-market trend | TIANGONG INT'L (0826.HK) 5/5 Steel stocks are sluggish, has the short signal quietly confirmed? Yesterday's closing, TIANGONG INT'L slightly fell by 0.60%, closing at HKD 3.32, with a trading volume of approximately HKD 6.27 million. The trend was flat but leaned weakly. The MACD daily line showed a death cross below the zero axis; although the decline was not large on that day, this technical signal indicates that short-term bearish forces are gradually gaining an advantage, and the stock price lacks the momentum for an upward breakthrough. The trading volume was relatively limited, and the market's attention to this stock was low, with insufficient liquidity also increasing the uncertainty of price fluctuations. Overall, TIANGONG INT'L has been oscillating in a narrow range of HKD 3.30-3.50 recently, but the focus is gradually shifting downward. On the news front, the overall prosperity of the steel industry remains low. The news that Indonesia plans to impose export taxes and windfall taxes on nickel has raised market concerns about changes in the cost of raw materials for special steel. As a leader in special steel and tool steel, TIANGONG INT'L's product structure is relatively high-end, but fluctuations in upstream raw material prices will still affect profit expectations. At the same time, global manufacturing PMI data shows a slow recovery process. Although U.S. factory orders in March exceeded expectations, they were mainly driven by AI-related capital expenditures, and the signals for a rebound in traditional steel demand are still unclear. The Hong Kong stock market's steel sector is overall lightly traded, lacking sector-driven momentum. From a technical perspective, HKD 3.30 is the lower edge of the recent oscillation range; if it effectively breaks down, it may trigger further selling. However, the current trading volume is extremely low, and price fluctuations may be amplified, making it unwise to over-interpret single-day trends. The strength of the MACD death cross below the zero axis in a low liquidity environment should be viewed with caution; the key is to see whether the following trading days are accompanied by increased volume. Today, attention should be paid to the A-share steel sector and the direction of commodity prices. The short-term trend reference is slightly bearish, but low liquidity means that directional signals may be masked by market noise. Without industry catalysts, the pattern of narrow oscillation leaning weakly is likely to continue. _This article only provides technical analysis and market information for reference and does not constitute any investment advice. 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