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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 11	F	Weak or Absent	Down	Down	Down	51.98%
Apr 10	F	Weak or Absent	Down	Down	Down	51.46%
Apr 6	F	Weak or Absent	Down	Down	Down	51.79%
Apr 5	F	Weak or Absent	Down	Down	Down	49.84%
Apr 4	F	Weak or Absent	Down	Down	Down	53.18%
Apr 3	F	Weak or Absent	Down	Down	Down	48.13%
Mar 31	F	Weak or Absent	Down	Down	Down	44.17%
Mar 30	F	Strong	Down	Down	Flat	43.88%
Mar 29	D	Strong	Down	Down	Up	36.32%
Mar 28	D	Strong	Down	Down	Up	36.59%