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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	F	Weak or Absent	Down	Down	Down	39.27%
May 30	F	Weak or Absent	Down	Down	Down	35.12%
May 26	D	Weak or Absent	Down	Down	Up	33.49%
May 25	D	Weak or Absent	Down	Down	Up	27.89%
May 24	D	Weak or Absent	Down	Down	Up	28.84%
May 23	C	Weak or Absent	Down	Flat	Up	24.55%
May 22	D	Weak or Absent	Down	Down	Up	28.84%
May 19	D	Weak or Absent	Down	Down	Up	34.34%
May 18	D	Strong	Down	Down	Up	35.59%
May 17	D	Strong	Down	Down	Flat	44.35%