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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 25	F	Strong	Down	Down	Down	57.21%
Sep 22	F	Strong	Down	Down	Down	56.48%
Sep 21	F	Strong	Down	Down	Down	55.86%
Sep 20	F	Strong	Down	Down	Down	54.01%
Sep 19	F	Strong	Down	Down	Down	53.23%
Sep 18	F	Strong	Down	Down	Down	51.78%
Sep 15	F	Strong	Down	Down	Down	48.40%
Sep 14	D	Strong	Down	Down	Up	43.70%
Sep 13	F	Strong	Down	Down	Down	50.19%
Sep 12	D	Strong	Down	Down	Down	46.80%