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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Strong	Up	Up	Down	52.04%
May 17	C	Strong	Up	Up	Up	46.99%
May 16	C	Strong	Up	Up	Up	47.57%
May 15	C	Strong	Up	Up	Up	47.83%
May 14	C	Strong	Up	Up	Up	46.73%
May 13	B	Strong	Up	Up	Up	49.14%
May 10	B	Strong	Up	Up	Up	49.61%
May 9	B	Weak or Absent	Up	Up	Up	50.68%
May 8	B	Weak or Absent	Up	Up	Up	53.71%
May 7	B	Weak or Absent	Up	Up	Up	55.20%