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 6	D	Weak or Absent	Down	Down	Up	1.85%
Jan 5	F	Weak or Absent	Down	Down	Down	5.90%
Jan 4	F	Weak or Absent	Down	Down	Down	6.10%
Jan 3	F	Weak or Absent	Down	Down	Down	6.81%
Dec 30	D	Weak or Absent	Down	Down	Down	2.75%
Dec 29	D	Weak or Absent	Down	Down	Up	0.93%
Dec 28	D	Weak or Absent	Down	Down	Down	3.47%
Dec 27	D	Weak or Absent	Down	Down	Down	3.16%
Dec 23	D	Weak or Absent	Down	Down	Flat	0.35%
Dec 22	D	Weak or Absent	Down	Down	Down	0.71%