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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 21	F	Weak or Absent	Down	Down	Down	5.38%
Feb 17	D	Weak or Absent	Down	Down	Down	3.59%
Feb 16	D	Weak or Absent	Down	Down	Down	3.82%
Feb 15	F	Weak or Absent	Down	Down	Down	2.56%
Feb 14	F	Weak or Absent	Down	Down	Down	4.36%
Feb 13	F	Weak or Absent	Down	Down	Down	0.86%
Feb 10	F	Weak or Absent	Down	Down	Down	2.86%
Feb 9	F	Weak or Absent	Down	Down	Down	3.17%
Feb 8	C	Weak or Absent	Down	Up	Up	-5.23%
Feb 7	D	Weak or Absent	Down	Up	Up	-5.39%