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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 25	F	Strong	Down	Down	Down	48.96%
Aug 24	F	Strong	Down	Down	Down	49.86%
Aug 23	F	Strong	Down	Down	Down	47.51%
Aug 22	D	Strong	Down	Down	Down	46.01%
Aug 21	D	Strong	Down	Down	Down	41.62%
Aug 18	D	Strong	Down	Down	Down	41.98%
Aug 17	D	Strong	Down	Down	Down	35.03%
Aug 16	F	Strong	Down	Down	Down	37.82%
Aug 15	F	Strong	Down	Down	Down	39.16%
Aug 14	F	Strong	Down	Down	Down	34.36%