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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 25	F	Weak or Absent	Down	Down	Down	60.91%
Apr 24	F	Weak or Absent	Down	Down	Down	56.32%
Apr 21	F	Weak or Absent	Down	Down	Down	55.14%
Apr 20	D	Weak or Absent	Down	Down	Up	48.13%
Apr 19	D	Weak or Absent	Down	Down	Flat	52.91%
Apr 18	F	Weak or Absent	Down	Down	Down	54.94%
Apr 17	F	Weak or Absent	Down	Down	Down	54.66%
Apr 14	F	Weak or Absent	Down	Down	Down	56.67%
Apr 13	F	Weak or Absent	Down	Down	Down	53.04%
Apr 12	F	Weak or Absent	Down	Down	Down	52.18%