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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	C	Weak or Absent	Up	Up	Up	41.80%
Jan 24	B	Weak or Absent	Up	Up	Up	43.18%
Jan 23	C	Weak or Absent	Up	Up	Up	48.38%
Jan 22	C	Weak or Absent	Up	Up	Up	45.89%
Jan 19	B	Weak or Absent	Up	Up	Up	49.88%
Jan 18	C	Weak or Absent	Up	Up	Down	54.52%
Jan 17	C	Strong	Up	Up	Down	56.09%
Jan 16	C	Strong	Up	Up	Down	56.30%
Jan 12	C	Strong	Up	Up	Flat	49.16%
Jan 11	C	Strong	Up	Up	Down	51.83%