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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 29	F	Weak or Absent	Down	Down	Down	34.18%
Feb 28	F	Weak or Absent	Down	Down	Down	38.32%
Feb 27	F	Weak or Absent	Down	Down	Down	33.52%
Feb 26	D	Weak or Absent	Up	Down	Down	30.56%
Feb 23	D	Weak or Absent	Up	Down	Down	30.94%
Feb 22	F	Weak or Absent	Down	Down	Down	33.71%
Feb 21	D	Weak or Absent	Up	Down	Down	28.15%
Feb 20	D	Weak or Absent	Up	Down	Up	24.73%
Feb 16	D	Weak or Absent	Up	Down	Up	22.09%
Feb 15	D	Weak or Absent	Up	Down	Up	21.38%