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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	B	Weak or Absent	Up	Up	Up	4.91%
May 2	B	Weak or Absent	Up	Up	Up	4.29%
May 1	A	Weak or Absent	Up	Up	Up	7.98%
Apr 30	B	Weak or Absent	Up	Down	Down	11.51%
Apr 29	B	Weak or Absent	Up	Up	Up	8.81%
Apr 26	A	Weak or Absent	Up	Up	Up	5.25%
Apr 25	D	Weak or Absent	Up	Down	Flat	11.68%
Apr 24	B	Weak or Absent	Up	Up	Up	7.32%
Apr 23	B	Weak or Absent	Up	Up	Up	7.88%
Apr 22	B	Weak or Absent	Up	Up	Up	8.44%