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 7	B	Weak or Absent	Down	Up	Flat	-1.02%
Dec 6	C	Weak or Absent	Down	Up	Flat	-0.91%
Dec 5	D	Weak or Absent	Down	Up	Down	-0.77%
Dec 2	C	Weak or Absent	Down	Up	Up	-2.52%
Dec 1	D	Weak or Absent	Down	Up	Down	0.14%
Nov 30	C	Weak or Absent	Down	Up	Flat	-1.36%
Nov 29	D	Weak or Absent	Down	Down	Down	1.94%
Nov 28	D	Weak or Absent	Down	Down	Down	1.94%
Nov 25	C	Weak or Absent	Down	Up	Flat	-2.28%
Nov 23	C	Weak or Absent	Down	Up	Up	-3.55%