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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 6	B	Strong	Up	Up	Down	8.69%
Aug 5	B	Strong	Up	Up	Down	7.39%
Aug 2	B	Strong	Up	Up	Down	4.22%
Aug 1	C	Strong	Up	Up	Down	1.47%
Jul 31	B	Strong	Up	Up	Up	-5.01%
Jul 30	B	Strong	Up	Up	Up	-3.18%
Jul 29	C	Strong	Up	Up	Flat	-1.02%
Jul 26	B	Strong	Up	Up	Up	-6.91%
Jul 25	A	Strong	Up	Up	Up	-7.30%
Jul 24	A	Strong	Up	Up	Up	-4.11%