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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 29	F	Strong	Down	Down	Down	98.75%
Sep 28	F	Strong	Down	Down	Flat	96.73%
Sep 27	F	Strong	Down	Down	Down	97.29%
Sep 26	F	Strong	Down	Down	Down	97.97%
Sep 25	F	Strong	Down	Down	Down	100.82%
Sep 22	F	Strong	Down	Down	Down	99.89%
Sep 21	F	Strong	Down	Down	Down	99.10%
Sep 20	F	Strong	Down	Down	Down	96.73%
Sep 19	F	Strong	Down	Down	Down	95.74%
Sep 18	F	Strong	Down	Down	Down	93.89%