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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 23	A	Strong	Up	Up	Up	-6.59%
Jul 22	B	Strong	Up	Up	Up	0.44%
Jul 19	B	Strong	Up	Up	Up	5.20%
Jul 18	B	Strong	Up	Up	Up	5.88%
Jul 17	C	Strong	Up	Up	Up	1.89%
Jul 16	C	Strong	Up	Up	Up	4.87%
Jul 15	C	Weak or Absent	Up	Up	Up	7.76%
Jul 12	C	Weak or Absent	Up	Up	Up	11.57%
Jul 11	C	Weak or Absent	Up	Up	Up	11.10%
Jul 10	B	Weak or Absent	Up	Up	Flat	18.02%