Sandisk Corporation (NASDAQ:SNDK) stock fell nearly 5% in Monday’s premarket session as investors turned cautious ahead of the company’s earnings report later this week.Meanwhile, Nasdaq futures edged up 0.03%, while S&P 500 futures gained 0.44%.Earnings In FocusSandisk is scheduled to report quarterly results on Aug. 5, putting the stock in focus ahead of the event.Wall Street expects Sandisk to report earnings per share of $33.38 on revenue of $8.24 billion for the quarter. A year earlier, the company reported earnings of 29 cents per share on revenue of $1.90 billion.Technical AnalysisSandisk remains in a long-term uptrend, although its short-term momentum has weakened.The stock is trading 23.1% below its 20-day simple moving average and 32.1% below its 50-day simple moving average, reflecting a sharp pullback in recent weeks. However, it remains 37.7% above its 200-day simple moving average, indicating the longer-term trend is still intact.The MACD indicator remains below its signal line, pointing to weakening momentum. Meanwhile, the 20-day moving average sits below the 50-day average, while the 50-day average remains above the 200-day average. That setup suggests near-term pressure persists even as the broader trend remains positive.Key resistance stands near $1,331.94, around the 100-day simple moving average. Key support is near $1,004.68, close to the 200-day exponential moving average.Analyst OutlookThe stock trades at about 41.5 times earnings, reflecting a premium valuation. Analysts maintain a consensus Buy rating with an average price forecast of $2,031.69. Recent research actions include: