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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	C	Strong	Up	Up	Down	24.36%
Jan 16	C	Strong	Up	Up	Down	24.54%
Jan 12	C	Strong	Up	Up	Flat	18.84%
Jan 11	C	Strong	Up	Up	Down	20.97%
Jan 10	C	Strong	Up	Up	Down	20.27%
Jan 9	D	Strong	Up	Up	Down	23.91%
Jan 8	D	Strong	Up	Up	Down	19.69%
Jan 5	C	Strong	Up	Up	Down	18.69%
Jan 4	C	Strong	Up	Up	Down	18.95%
Jan 3	C	Strong	Up	Up	Down	20.22%