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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 15	F	Weak or Absent	Down	Down	Down	36.80%
Mar 14	F	Weak or Absent	Down	Down	Down	38.42%
Mar 13	F	Weak or Absent	Down	Down	Down	35.83%
Mar 12	F	Weak or Absent	Down	Down	Down	35.14%
Mar 11	F	Weak or Absent	Flat	Down	Flat	30.79%
Mar 8	D	Weak or Absent	Up	Down	Up	26.78%
Mar 7	D	Weak or Absent	Up	Down	Up	29.09%
Mar 6	D	Weak or Absent	Up	Down	Up	29.22%
Mar 5	D	Weak or Absent	Flat	Down	Flat	31.11%
Mar 4	F	Weak or Absent	Down	Down	Down	31.31%