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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 26	A	Weak or Absent	Up	Up	Up	-1.10%
Apr 25	D	Weak or Absent	Up	Down	Flat	4.93%
Apr 24	B	Weak or Absent	Up	Up	Up	0.85%
Apr 23	B	Weak or Absent	Up	Up	Up	1.37%
Apr 22	B	Weak or Absent	Up	Up	Up	1.90%
Apr 19	B	Weak or Absent	Up	Up	Up	2.29%
Apr 18	D	Weak or Absent	Flat	Down	Down	6.28%
Apr 17	D	Weak or Absent	Down	Down	Down	8.21%
Apr 16	D	Weak or Absent	Flat	Down	Down	6.18%
Apr 15	F	Weak or Absent	Down	Down	Down	7.24%