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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 21	D	Weak or Absent	Up	Down	Up	8.60%
Mar 20	D	Weak or Absent	Flat	Down	Up	12.24%
Mar 19	D	Weak or Absent	Down	Down	Flat	14.41%
Mar 18	F	Weak or Absent	Down	Down	Down	17.08%
Mar 15	F	Weak or Absent	Down	Down	Down	17.85%
Mar 14	F	Weak or Absent	Down	Down	Down	19.25%
Mar 13	F	Weak or Absent	Down	Down	Down	17.02%
Mar 12	F	Weak or Absent	Down	Down	Down	16.43%
Mar 11	F	Weak or Absent	Flat	Down	Flat	12.68%
Mar 8	D	Weak or Absent	Up	Down	Up	9.22%