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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Strong	Up	Up	Up	15.46%
Dec 15	C	Strong	Up	Up	Up	12.91%
Dec 14	C	Strong	Up	Up	Up	21.15%
Dec 13	C	Strong	Up	Up	Up	20.02%
Dec 12	C	Strong	Up	Up	Up	25.89%
Dec 11	C	Strong	Up	Up	Up	25.66%
Dec 8	C	Strong	Up	Up	Up	23.03%
Dec 7	C	Strong	Up	Up	Up	24.73%
Dec 6	C	Strong	Up	Up	Up	25.37%
Dec 5	C	Strong	Up	Up	Up	30.19%