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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	C	Weak or Absent	Down	Flat	Up	57.66%
May 22	D	Weak or Absent	Down	Down	Up	63.08%
May 19	D	Weak or Absent	Down	Down	Up	70.04%
May 18	D	Strong	Down	Down	Up	71.62%
May 17	D	Strong	Down	Down	Flat	82.71%
May 16	F	Strong	Down	Down	Down	94.79%
May 15	F	Strong	Down	Down	Down	89.63%
May 12	F	Strong	Down	Down	Down	94.79%
May 11	F	Weak or Absent	Down	Down	Down	91.49%
May 10	F	Weak or Absent	Down	Down	Down	83.76%