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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 17	C	Strong	Down	Up	Up	38.15%
Nov 16	C	Strong	Down	Up	Up	42.60%
Nov 15	C	Strong	Down	Up	Up	38.15%
Nov 14	C	Strong	Down	Up	Up	37.32%
Nov 13	C	Strong	Down	Up	Down	54.39%
Nov 10	B	Strong	Down	Up	Up	51.75%
Nov 9	C	Strong	Down	Flat	Flat	54.92%
Nov 8	C	Strong	Down	Flat	Down	55.00%
Nov 7	B	Strong	Down	Up	Up	49.19%
Nov 6	C	Strong	Down	Up	Up	51.66%