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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 23	D	Weak or Absent	Down	Up	Up	-1.10%
Jan 20	D	Weak or Absent	Down	Flat	Up	-0.47%
Jan 19	D	Weak or Absent	Down	Down	Up	0.72%
Jan 18	F	Weak or Absent	Down	Down	Up	2.30%
Jan 17	F	Weak or Absent	Down	Down	Up	0.90%
Jan 13	F	Weak or Absent	Down	Down	Up	1.67%
Jan 12	F	Weak or Absent	Down	Down	Flat	4.21%
Jan 11	F	Weak or Absent	Down	Down	Down	4.87%
Jan 10	D	Weak or Absent	Down	Down	Up	2.26%
Jan 9	D	Weak or Absent	Down	Down	Flat	3.40%