--- title: "Pre-market trend | HUANENG POWER (0902.HK) 5/8 Power stocks strengthen, can the trend continue?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285690426.md" description: "As of the close on May 8, Huaneng Power confirmed a bullish signal on the MACD daily line above the zero axis, indicating that the foundation for a medium-term upward trend remains solid, with buying power dominating in the short term. The trading volume that day was approximately HKD 230 million, with decent volume support, and investor attention on the power sector remains high. As a large state-owned enterprise driven by both thermal and renewable energy generation, Huaneng's technical performance reflects, to some extent, the market's recognition of the defensive value of the public utility sector. On the news front, ongoing geopolitical conflicts in the Middle East continue to push energy prices higher, with Brent crude oil returning to USD 101 per barrel. Although high oil prices may increase fuel costs for thermal power in the short term, the market-oriented reform of electricity pricing has made the price transmission mechanism smoother, and the continuous increase in the proportion of renewable energy installations effectively hedges against cost pressures. Additionally, the summer peak electricity demand is approaching, and market preference for the performance certainty of power stocks has significantly increased in the context of geopolitical uncertainty. Datang Power, another company in the sector, experienced a correction today due to previous large gains, but Huaneng Power has received better capital support due to its reasonable valuation. From a technical perspective, the moving average system maintains a bullish arrangement, with the 5-day moving average providing effective support during short-term pullbacks. Power stocks typically have lower volatility, and once a trend is established, it tends to be strong and persistent. Future observations should focus on whether the volume supports this trend and whether the sector as a whole can maintain its strength. The short-term trend is biased towards bullishness, with defensive attributes and performance certainty being the core logic for current capital allocation in power stocks" datetime: "2026-05-11T01:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285690426.md) - [en](https://longbridge.com/en/news/285690426.md) - [zh-HK](https://longbridge.com/zh-HK/news/285690426.md) --- # Pre-market trend | HUANENG POWER (0902.HK) 5/8 Power stocks strengthen, can the trend continue? On May 8th, Huaneng Power's MACD daily line confirmed a bullish signal above the zero line at the close, indicating that the foundation for a medium-term upward trend remains solid, with buying power taking the initiative in the short term. The trading volume that day was approximately HKD 230 million, with decent volume support, and investor attention on the power sector remains at a high level. As a large state-owned enterprise driven by both thermal and renewable energy generation, Huaneng's technical trends reflect, to some extent, the market's recognition of the defensive value of the public utility sector. On the news front, ongoing geopolitical conflicts in the Middle East continue to push energy prices higher, with Brent crude oil returning to USD 101 per barrel. Although high oil prices may increase fuel costs for thermal power in the short term, the market-oriented reform of electricity pricing has made the price transmission mechanism smoother, and the continuous increase in the proportion of renewable energy installations effectively hedges against cost pressures. Additionally, the summer peak electricity demand is approaching, and the market's preference for the performance certainty of power stocks has significantly increased in the context of geopolitical uncertainty. Datang International Power, another company in the sector, experienced a correction today due to previous excessive gains, but Huaneng Power has received better capital support due to its reasonable valuation. From a technical perspective, the moving average system maintains a bullish arrangement, with the 5-day moving average providing effective support during short-term pullbacks. Power stocks typically exhibit lower volatility, and once a trend is established, it tends to have strong continuity. Future observations should focus on whether the volume supports this trend and whether the sector as a whole can maintain its strength. The short-term trend is biased towards bullishness, with defensive attributes and performance certainty being the core logic for current capital allocation in power stocks. However, if oil prices rise rapidly, leading to unexpected cost pressures, or if the Federal Reserve's expectations for no interest rate cuts this year further diminish the relative attractiveness of public utility stocks, caution should be exercised. _This article only provides technical analysis and market information for reference and does not constitute any investment advice. The market carries uncertainties, and investors should make independent decisions based on their own circumstances._ ### Related Stocks - [00902.HK](https://longbridge.com/en/quote/00902.HK.md) - [01071.HK](https://longbridge.com/en/quote/01071.HK.md) - [600011.CN](https://longbridge.com/en/quote/600011.CN.md) - [601991.CN](https://longbridge.com/en/quote/601991.CN.md) - [00991.HK](https://longbridge.com/en/quote/00991.HK.md) - [HNPIY.US](https://longbridge.com/en/quote/HNPIY.US.md) ## Related News & Research - [Huaneng Power International Plans RMB12.75 Billion Entrusted Loans to Key Subsidiaries](https://longbridge.com/en/news/275646495.md) - [Huaneng Power International’s Q1 2026 Profit and Cash Flow Decline Amid Stable Assets](https://longbridge.com/en/news/284409708.md) - [ZAWYA: DEWA says $2.3bn transmission network projects under development](https://longbridge.com/en/news/286665525.md) - [US PJM grid can curb data center power usage in emergencies, Department of Energy says](https://longbridge.com/en/news/286949959.md) - [Thermal, gas-fired power plants regain momentum as energy demand rises](https://longbridge.com/en/news/286712640.md)