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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 4	C	Strong	Up	Up	Up	28.83%
Dec 1	D	Strong	Down	Up	Up	32.04%
Nov 30	D	Strong	Down	Up	Up	38.67%
Nov 29	C	Strong	Down	Up	Up	34.53%
Nov 28	D	Strong	Down	Up	Down	42.32%
Nov 27	C	Strong	Down	Up	Up	37.48%
Nov 24	C	Strong	Down	Up	Up	40.47%
Nov 22	C	Strong	Down	Up	Up	41.80%
Nov 21	D	Strong	Down	Up	Down	46.73%
Nov 20	C	Strong	Down	Up	Up	38.92%