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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	B	Strong	Up	Up	Up	17.90%
May 10	B	Strong	Up	Up	Up	18.27%
May 9	B	Weak or Absent	Up	Up	Up	19.12%
May 8	B	Weak or Absent	Up	Up	Up	21.52%
May 7	B	Weak or Absent	Up	Up	Up	22.70%
May 6	B	Weak or Absent	Up	Up	Up	20.91%
May 3	B	Weak or Absent	Up	Up	Up	21.91%
May 2	B	Weak or Absent	Up	Up	Up	21.18%
May 1	A	Weak or Absent	Up	Up	Up	25.48%
Apr 30	B	Weak or Absent	Up	Down	Down	29.58%