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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 28	D	Weak or Absent	Up	Up	Up	18.94%
Mar 27	D	Weak or Absent	Up	Up	Up	17.83%
Mar 26	C	Weak or Absent	Up	Up	Up	18.99%
Mar 25	C	Weak or Absent	Up	Up	Up	20.06%
Mar 22	D	Weak or Absent	Flat	Down	Up	30.03%
Mar 21	D	Weak or Absent	Up	Down	Up	25.81%
Mar 20	D	Weak or Absent	Flat	Down	Up	30.03%
Mar 19	D	Weak or Absent	Down	Down	Flat	32.54%
Mar 18	F	Weak or Absent	Down	Down	Down	35.63%
Mar 15	F	Weak or Absent	Down	Down	Down	36.53%