Farmers & Merchants Bancorp, Inc.

Stage 2 · Advancing · week 22

As of Oct 22, 2026, Farmers & Merchants Bancorp is in Stage 2, the uptrend phase, now in week 22 (since May 20, 2026). It closed at $35.89, at its 52-week high and above its 200-day average, which is rising.

$35.89

+1.96% today

$494M · Small cap

Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 96 in Banks - Regional · #1 of 215 in Financials

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 14w

S2 37w

S1 16w

S2 22w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 1w → S4 14w → S1 5w → S2 9w → S3 10w → S2 37w → S3 7w → S4 10w → S1 16w → S2 3w → S3 9w → S4 1w → S3 1w → S2 13w → S3 3w → S2 4w → S3 2w → S2 22w current

Total tracked: 165 weeks across 18 stage runs.

FMAO among Banks - Regional45th of 319 by relative strength

All 319 →

Stocks in Banks - Regional ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	OPHCOptimumBank Holdings, Inc.	Stage 2 · wk 38	96	−1.0%
2	MSBIMidland States Bancorp, Inc.	Stage 2 · wk 43	95	+1.8%
3	CMTVCommunity Bancorp.	Stage 2 · wk 72	94	+11.5%
4	VBNKVersaBank	Stage 2 · wk 25	94	−0.9%
5	AMALAmalgamated Financial Corp.	Stage 3 · wk 2	94	+8.1%
6	BOTJBank of the James Financial Group, Inc.	Stage 2 · wk 58	93	+9.0%
7	ATLOAmes National Corporation	Stage 2 · wk 68	92	+9.5%
8	RBKBRhinebeck Bancorp, Inc.	Stage 2 · wk 38	92	+0.9%
…45	FMAOFarmers & Merchants Bancorp, Inc.	Stage 2 · wk 22	87	+4.5%

vs 52W High

0.0%

$22.27 lo$35.89 hi

Near 52W high

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 22

1w13w26w

Week 22, proven structure

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

22.5%

200 DMA: $29.29 · rising

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

2.95x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

→

Short-term trend flat

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+4.5%

+16.8%

+37.4%

YTD

+51.1%

+51.5%

Scan Membership

Breakout Watch

Latest: 2024-05-13

5 appearances in last 60 days. First seen: 2020-01-17.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 22 · Vol 2.95x

2026-10-21S2

Wk 22 · Vol 1.01x

2026-10-20S2

Wk 22 · Vol 1.29x

2026-10-19S2

Wk 21 · Vol 0.64x

2026-10-16S2

Wk 21 · Vol 0.73x

2026-10-15S2

Wk 21 · Vol 0.61x

2026-10-14S2

Wk 21 · Vol 0.88x

2026-10-13S2

Wk 21 · Vol 0.60x

2026-10-12S2

Wk 20 · Vol 0.70x

2026-10-09S2

Wk 20 · Vol 0.37x

2026-10-08S2

Wk 20 · Vol 0.62x

2026-10-07S2

Wk 20 · Vol 0.51x

Moving averages & range

50 DMA

$34.72

200 DMA

$29.29

52W High

$35.89

52W Low

$22.27

5D Low

$35.04

Resistance levels (recent highs)

20d High

$35.89

60d High

$35.89

120d High

$35.89

250d High

$35.89

Next resistance

Above all

P/E (TTM)

12.3

Forward 11.0

Earnings Growth (YoY)

+53.0%

Revenue +17.5%

ROE

+10.9%

Profit margin +31.0%

Dividend Yield

2.73%

P/B 1.3

Farmers & Merchants Bancorp: quick answers

What stage is Farmers & Merchants Bancorp in?

As of Oct 22, 2026, Farmers & Merchants Bancorp (FMAO) is in Stage 2, the uptrend phase. It entered Stage 2 on May 20, 2026 and is in week 22. What the four stages mean

Is Farmers & Merchants Bancorp in an uptrend?

Yes. Farmers & Merchants Bancorp is in a Stage 2 uptrend. It trades 22.5% above its 200-day average, which is rising.

How far is Farmers & Merchants Bancorp from its 52-week high?

Farmers & Merchants Bancorp closed at $35.89 on Oct 22, 2026, at its 52-week high. Its 52-week low is $22.27.

How has Farmers & Merchants Bancorp performed over the past year?

As of Oct 22, 2026, Farmers & Merchants Bancorp is up 51.5% over the past year and up 51.1% so far in 2026.

Which sector and industry is Farmers & Merchants Bancorp in?

Farmers & Merchants Bancorp is in the Banks - Regional industry, part of the Financials sector.

About this companyFinancials· Banks - Regional

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.