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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 28	D	Weak or Absent	Down	Up	Down	20.79%
Jul 27	D	Weak or Absent	Down	Up	Down	17.67%
Jul 26	D	Weak or Absent	Down	Up	Up	10.56%
Jul 25	D	Weak or Absent	Down	Up	Up	15.33%
Jul 24	D	Weak or Absent	Down	Up	Up	12.89%
Jul 21	D	Weak or Absent	Down	Up	Up	14.12%
Jul 20	D	Weak or Absent	Down	Up	Up	10.20%
Jul 19	D	Weak or Absent	Down	Up	Up	13.13%
Jul 18	D	Weak or Absent	Down	Up	Up	18.23%
Jul 17	D	Weak or Absent	Down	Up	Flat	22.42%