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 3	C	Strong	Up	Up	Down	19.28%
Jan 2	D	Strong	Up	Up	Down	12.52%
Dec 29	D	Strong	Up	Up	Down	8.17%
Dec 28	C	Strong	Up	Up	Up	0.77%
Dec 27	C	Strong	Up	Up	Up	-2.06%
Dec 26	C	Strong	Up	Up	Up	-0.47%
Dec 22	C	Strong	Up	Up	Up	3.89%
Dec 21	C	Strong	Up	Up	Up	6.46%
Dec 20	C	Strong	Up	Up	Up	8.38%
Dec 19	C	Strong	Up	Up	Up	10.37%