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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 22	D	Weak or Absent	Flat	Down	Up	64.81%
Mar 21	D	Weak or Absent	Up	Down	Up	59.46%
Mar 20	D	Weak or Absent	Flat	Down	Up	64.81%
Mar 19	D	Weak or Absent	Down	Down	Flat	67.99%
Mar 18	F	Weak or Absent	Down	Down	Down	71.90%
Mar 15	F	Weak or Absent	Down	Down	Down	73.04%
Mar 14	F	Weak or Absent	Down	Down	Down	75.10%
Mar 13	F	Weak or Absent	Down	Down	Down	71.82%
Mar 12	F	Weak or Absent	Down	Down	Down	70.95%
Mar 11	F	Weak or Absent	Flat	Down	Flat	65.45%