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 10	B	Weak or Absent	Up	Up	Flat	18.40%
Jul 9	C	Weak or Absent	Up	Flat	Down	21.08%
Jul 8	C	Weak or Absent	Up	Down	Down	23.53%
Jul 5	C	Weak or Absent	Up	Down	Down	23.47%
Jul 3	C	Weak or Absent	Up	Up	Down	18.83%
Jul 2	B	Weak or Absent	Up	Up	Up	15.85%
Jul 1	B	Weak or Absent	Up	Up	Flat	18.30%
Jun 28	B	Weak or Absent	Up	Up	Up	14.18%
Jun 27	B	Weak or Absent	Up	Up	Up	16.43%
Jun 26	B	Weak or Absent	Up	Up	Up	17.67%