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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 9	F	Weak or Absent	Down	Down	Down	81.67%
May 8	F	Weak or Absent	Down	Down	Down	76.72%
May 5	F	Weak or Absent	Down	Down	Down	68.97%
May 4	F	Weak or Absent	Down	Down	Down	73.06%
May 3	F	Weak or Absent	Down	Down	Down	68.57%
May 2	F	Weak or Absent	Down	Down	Down	65.16%
May 1	F	Weak or Absent	Down	Down	Down	60.76%
Apr 28	D	Weak or Absent	Down	Down	Up	53.78%
Apr 27	D	Weak or Absent	Down	Down	Up	53.45%
Apr 26	F	Weak or Absent	Down	Down	Down	57.02%