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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 12	D	Weak or Absent	Down	Down	Down	32.09%
Apr 11	D	Weak or Absent	Flat	Down	Down	30.92%
Apr 10	D	Weak or Absent	Down	Down	Down	31.83%
Apr 9	C	Weak or Absent	Up	Up	Down	23.94%
Apr 8	C	Weak or Absent	Up	Up	Down	24.76%
Apr 5	C	Weak or Absent	Up	Up	Down	24.88%
Apr 4	C	Weak or Absent	Up	Up	Down	24.18%
Apr 3	D	Weak or Absent	Up	Down	Down	26.43%
Apr 2	D	Weak or Absent	Up	Down	Down	26.55%
Apr 1	D	Weak or Absent	Up	Up	Up	23.83%