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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 8	D	Weak or Absent	Up	Down	Up	60.37%
Mar 7	D	Weak or Absent	Up	Down	Up	63.30%
Mar 6	D	Weak or Absent	Up	Down	Up	63.46%
Mar 5	D	Weak or Absent	Flat	Down	Flat	65.85%
Mar 4	F	Weak or Absent	Down	Down	Down	66.10%
Mar 1	F	Weak or Absent	Down	Down	Down	67.74%
Feb 29	F	Weak or Absent	Down	Down	Down	67.99%
Feb 28	F	Weak or Absent	Down	Down	Down	73.17%
Feb 27	F	Weak or Absent	Down	Down	Down	67.16%
Feb 26	D	Weak or Absent	Up	Down	Down	63.46%