We present an analysis based on the deformed Quasi Particle Random Phase Approximation, on top of a deformed Hartree-Fock-Bogoliubov description of the ground state, aimed at studying the isoscalar monopole and quadrupole response in a deformed nucleus. This analysis is motivated by the need of understanding the coupling between the two modes and how it might affect the extraction of the nuclear incompressibility from the monopole distribution. After discussing this motivation, we present the main ingredients of our theoretical framework, and we show some results obtained with the SLy4 and SkM$^{*}$ interactions for the nucleus ${}^{24}$Mg.