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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 21	D	Weak or Absent	Down	Down	Flat	-0.56%
Dec 20	D	Weak or Absent	Down	Down	Down	1.79%
Dec 19	D	Weak or Absent	Down	Down	Down	3.86%
Dec 16	D	Weak or Absent	Down	Down	Down	3.37%
Dec 15	D	Weak or Absent	Down	Down	Down	3.63%
Dec 14	C	Weak or Absent	Down	Flat	Down	-1.22%
Dec 13	C	Weak or Absent	Down	Up	Flat	-2.97%
Dec 12	C	Weak or Absent	Down	Up	Up	-5.16%
Dec 9	B	Weak or Absent	Down	Up	Up	-2.49%
Dec 8	B	Weak or Absent	Down	Up	Up	-3.80%