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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	C	Strong	Up	Up	Up	30.32%
Dec 22	C	Strong	Up	Up	Up	36.03%
Dec 21	C	Strong	Up	Up	Up	39.40%
Dec 20	C	Strong	Up	Up	Up	41.92%
Dec 19	C	Strong	Up	Up	Up	44.53%
Dec 18	C	Strong	Up	Up	Up	51.19%
Dec 15	C	Strong	Up	Up	Up	47.84%
Dec 14	C	Strong	Up	Up	Up	58.64%
Dec 13	C	Strong	Up	Up	Up	57.16%
Dec 12	C	Strong	Up	Up	Up	64.85%