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 11	F	Strong	Down	Down	Down	49.54%
Sep 8	D	Strong	Down	Down	Down	46.25%
Sep 7	F	Strong	Down	Down	Down	50.19%
Sep 6	F	Strong	Down	Down	Down	47.83%
Sep 5	D	Strong	Down	Down	Up	43.70%
Sep 1	D	Strong	Down	Down	Up	36.92%
Aug 31	D	Strong	Down	Down	Up	42.80%
Aug 30	D	Strong	Down	Down	Flat	44.54%
Aug 29	F	Strong	Down	Down	Down	45.08%
Aug 28	F	Strong	Down	Down	Down	48.07%