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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 10	B	Strong	Up	Up	Up	18.04%
May 9	B	Weak or Absent	Up	Up	Up	18.89%
May 8	B	Weak or Absent	Up	Up	Up	21.28%
May 7	B	Weak or Absent	Up	Up	Up	22.45%
May 6	B	Weak or Absent	Up	Up	Up	20.67%
May 3	B	Weak or Absent	Up	Up	Up	21.67%
May 2	B	Weak or Absent	Up	Up	Up	20.95%
May 1	A	Weak or Absent	Up	Up	Up	25.23%
Apr 30	B	Weak or Absent	Up	Down	Down	29.32%
Apr 29	B	Weak or Absent	Up	Up	Up	26.18%