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 1	F	Weak or Absent	Down	Down	Down	32.60%
Feb 29	F	Weak or Absent	Down	Down	Down	32.80%
Feb 28	F	Weak or Absent	Down	Down	Down	36.90%
Feb 27	F	Weak or Absent	Down	Down	Down	32.15%
Feb 26	D	Weak or Absent	Up	Down	Down	29.22%
Feb 23	D	Weak or Absent	Up	Down	Down	29.59%
Feb 22	F	Weak or Absent	Down	Down	Down	32.34%
Feb 21	D	Weak or Absent	Up	Down	Down	26.84%
Feb 20	D	Weak or Absent	Up	Down	Up	23.45%
Feb 16	D	Weak or Absent	Up	Down	Up	20.84%