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 8	D	Weak or Absent	Up	Down	Up	2.57%
Mar 7	D	Weak or Absent	Up	Down	Up	4.45%
Mar 6	D	Weak or Absent	Up	Down	Up	4.55%
Mar 5	D	Weak or Absent	Flat	Down	Flat	6.08%
Mar 4	F	Weak or Absent	Down	Down	Down	6.24%
Mar 1	F	Weak or Absent	Down	Down	Down	7.29%
Feb 29	F	Weak or Absent	Down	Down	Down	7.45%
Feb 28	F	Weak or Absent	Down	Down	Down	10.76%
Feb 27	F	Weak or Absent	Down	Down	Down	6.92%
Feb 26	D	Weak or Absent	Up	Down	Down	4.55%