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 16	F	Strong	Down	Down	Down	53.60%
May 15	F	Strong	Down	Down	Down	49.53%
May 12	F	Strong	Down	Down	Down	53.60%
May 11	F	Weak or Absent	Down	Down	Down	51.00%
May 10	F	Weak or Absent	Down	Down	Down	44.90%
May 9	F	Weak or Absent	Down	Down	Down	43.25%
May 8	F	Weak or Absent	Down	Down	Down	39.35%
May 5	F	Weak or Absent	Down	Down	Down	33.24%
May 4	F	Weak or Absent	Down	Down	Down	36.46%
May 3	F	Weak or Absent	Down	Down	Down	32.92%