Ford Motor Company (NYSE: F) stock fell more than 2% on Monday, bucking broader market gains as investors remained cautious ahead of the automaker's upcoming earnings report.

The Nasdaq gained 1.21%, while the S&P 500 rose 0.46%. Meanwhile, the consumer discretionary sector led the market with a 1.63% advance.

Ford's decline followed Friday's gains after Zacks Equity Research identified the automaker as a strong value stock, according to market data.

Ford Lags Broader Market Rally

Ford fell despite gains in its broader sector, signaling selling pressure specific to the stock.

The automaker also remains below its major moving averages, reflecting a weak longer-term trend.

Meanwhile, only two of the S&P 500's 11 sectors advanced Monday, highlighting uneven market participation.

Technical Analysis: Bearish Trend Persists

Ford traded 1.4% below its 20-day simple moving average (SMA) of $12.32 and 9.5% below its 200-day SMA of $13.43.

Its 50-day SMA also remains below its 200-day average, reinforcing the bearish outlook.

However, the moving average convergence divergence (MACD) indicator has moved above its signal line. This suggests selling pressure may be easing.

Traders are watching $11.50 as a potential support level and $14.50 as resistance.

Earnings And Analyst Outlook

Ford is scheduled to report quarterly earnings Oct. 28.

Wall Street expects earnings of 41 cents per share, compared with 45 cents a year earlier. Revenue is projected at $46.53 billion, down from $47.19 billion.

Analysts maintain a Hold consensus rating, with an average price forecast of $15.62.

JPMorgan recently lowered its price forecast to $16 while maintaining an Overweight rating. UBS reduced its forecast to $15 with a Buy rating, while Goldman Sachs lowered its forecast to $14 with a Neutral rating.

F Stock Price Action

Ford shares fell 2.17% to $12.16 on Monday at the time of publication, according to market data.