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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 21	C	Strong	Down	Down	Up	13.93%
Mar 20	C	Strong	Down	Down	Up	18.97%
Mar 17	C	Strong	Down	Down	Flat	20.10%
Mar 16	C	Strong	Down	Down	Up	17.57%
Mar 15	F	Strong	Down	Down	Down	25.32%
Mar 14	D	Strong	Down	Down	Down	22.79%
Mar 13	F	Strong	Down	Down	Down	28.72%
Mar 10	F	Strong	Down	Down	Down	23.27%
Mar 9	F	Strong	Down	Down	Down	21.51%
Mar 8	F	Strong	Down	Down	Down	15.87%