This paper analyses the stability of thin power-law fluid flowing down a moving plane in a vertical direction by using the long-wave perturbation method. Linear and nonlinear stability are discussed. The linear stable region increases as the downward speed increases and the power-law index increases. More accurate results are obtained on the coefficients of the nonlinear generalized kinematic equation in the power-law part. The regions of sub-critical instability and absolute stability are expanded when the downward movement of plane increases, or the power-law index increases, and meanwhile the parts of supercritical stability and explosive supercritical instability are compressed. By substituting the power-law index and moving speed into the generalized nonlinear kinematic equation of the power-law film on the free surface, the results can be applied to estimate the stability of the thin film flow in the field of engineering.