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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 17	D	Strong	Down	Down	Down	72.48%
Aug 16	F	Strong	Down	Down	Down	76.06%
Aug 15	F	Strong	Down	Down	Down	77.76%
Aug 14	F	Strong	Down	Down	Down	71.63%
Aug 11	F	Strong	Down	Down	Down	69.63%
Aug 10	F	Weak or Absent	Down	Down	Down	66.31%
Aug 9	F	Weak or Absent	Down	Down	Down	66.39%
Aug 8	F	Weak or Absent	Down	Down	Down	62.13%
Aug 7	F	Weak or Absent	Down	Down	Down	67.11%
Aug 4	F	Weak or Absent	Down	Down	Down	65.28%