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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 27	F	Weak or Absent	Down	Down	Down	40.83%
Feb 24	F	Weak or Absent	Down	Down	Down	39.72%
Feb 23	F	Weak or Absent	Down	Down	Down	32.89%
Feb 22	F	Weak or Absent	Down	Down	Down	34.56%
Feb 21	F	Weak or Absent	Down	Down	Down	33.24%
Feb 17	D	Weak or Absent	Down	Down	Down	30.97%
Feb 16	D	Weak or Absent	Down	Down	Down	31.26%
Feb 15	F	Weak or Absent	Down	Down	Down	29.67%
Feb 14	F	Weak or Absent	Down	Down	Down	31.95%
Feb 13	F	Weak or Absent	Down	Down	Down	27.52%