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 14	F	Weak or Absent	Down	Down	Down	39.32%
Mar 13	F	Weak or Absent	Down	Down	Down	36.71%
Mar 12	F	Weak or Absent	Down	Down	Down	36.02%
Mar 11	F	Weak or Absent	Flat	Down	Flat	31.65%
Mar 8	D	Weak or Absent	Up	Down	Up	27.60%
Mar 7	D	Weak or Absent	Up	Down	Up	29.94%
Mar 6	D	Weak or Absent	Up	Down	Up	30.06%
Mar 5	D	Weak or Absent	Flat	Down	Flat	31.97%
Mar 4	F	Weak or Absent	Down	Down	Down	32.16%
Mar 1	F	Weak or Absent	Down	Down	Down	33.47%