Trend Table for FMAO - Farmers & Merchants Bancorp, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 3	C	Weak or Absent	Up	Up	Down	50.61%
Jul 2	B	Weak or Absent	Up	Up	Up	46.83%
Jul 1	B	Weak or Absent	Up	Up	Flat	49.94%
Jun 28	B	Weak or Absent	Up	Up	Up	44.71%
Jun 27	B	Weak or Absent	Up	Up	Up	47.57%
Jun 26	B	Weak or Absent	Up	Up	Up	49.14%
Jun 25	C	Weak or Absent	Up	Down	Down	56.43%
Jun 24	B	Strong	Up	Up	Up	47.89%
Jun 21	B	Strong	Up	Up	Up	50.95%
Jun 20	B	Weak or Absent	Up	Up	Up	49.41%