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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 1	D	Weak or Absent	Up	Up	Up	24.07%
Mar 28	D	Weak or Absent	Up	Up	Up	19.17%
Mar 27	D	Weak or Absent	Up	Up	Up	18.06%
Mar 26	C	Weak or Absent	Up	Up	Up	19.23%
Mar 25	C	Weak or Absent	Up	Up	Up	20.30%
Mar 22	D	Weak or Absent	Flat	Down	Up	30.29%
Mar 21	D	Weak or Absent	Up	Down	Up	26.06%
Mar 20	D	Weak or Absent	Flat	Down	Up	30.29%
Mar 19	D	Weak or Absent	Down	Down	Flat	32.80%
Mar 18	F	Weak or Absent	Down	Down	Down	35.90%