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 7	F	Strong	Down	Down	Down	16.01%
Mar 6	F	Strong	Down	Down	Down	13.28%
Mar 3	F	Strong	Down	Down	Down	10.25%
Mar 2	F	Strong	Down	Down	Down	8.37%
Mar 1	F	Weak or Absent	Down	Down	Down	8.11%
Feb 28	F	Weak or Absent	Down	Down	Down	7.95%
Feb 27	F	Weak or Absent	Down	Down	Down	11.39%
Feb 24	F	Weak or Absent	Down	Down	Down	10.51%
Feb 23	F	Weak or Absent	Down	Down	Down	5.11%
Feb 22	F	Weak or Absent	Down	Down	Down	6.43%