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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 25	C	Weak or Absent	Up	Down	Down	23.42%
Jun 24	B	Strong	Up	Up	Up	16.69%
Jun 21	B	Strong	Up	Up	Up	19.10%
Jun 20	B	Weak or Absent	Up	Up	Up	17.88%
Jun 18	B	Weak or Absent	Up	Up	Up	21.11%
Jun 17	B	Weak or Absent	Up	Up	Up	19.64%
Jun 14	B	Weak or Absent	Up	Up	Flat	21.95%
Jun 13	B	Weak or Absent	Up	Up	Up	18.94%
Jun 12	B	Weak or Absent	Up	Up	Up	18.51%
Jun 11	B	Weak or Absent	Up	Up	Up	15.27%