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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	D	Weak or Absent	Down	Up	Up	39.88%
Jul 19	D	Weak or Absent	Down	Up	Up	43.60%
Jul 18	D	Weak or Absent	Down	Up	Up	50.07%
Jul 17	D	Weak or Absent	Down	Up	Flat	55.39%
Jul 14	D	Weak or Absent	Down	Up	Up	54.49%
Jul 13	D	Weak or Absent	Down	Up	Up	52.18%
Jul 12	D	Weak or Absent	Down	Up	Up	54.49%
Jul 11	D	Weak or Absent	Down	Up	Down	57.37%
Jul 10	D	Weak or Absent	Down	Up	Down	56.30%
Jul 7	D	Weak or Absent	Down	Up	Down	57.15%