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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 1	D	Weak or Absent	Up	Down	Down	21.77%
Jan 31	C	Weak or Absent	Up	Up	Down	18.70%
Jan 30	C	Weak or Absent	Up	Up	Up	14.40%
Jan 29	C	Weak or Absent	Up	Up	Up	11.77%
Jan 26	C	Weak or Absent	Up	Up	Up	12.90%
Jan 25	C	Weak or Absent	Up	Up	Up	12.10%
Jan 24	B	Weak or Absent	Up	Up	Up	13.19%
Jan 23	C	Weak or Absent	Up	Up	Up	17.30%
Jan 22	C	Weak or Absent	Up	Up	Up	15.33%
Jan 19	B	Weak or Absent	Up	Up	Up	18.49%