From TradingView · · 1m
FMAO: Wick Above 78.6% Not Held Break
NASDAQ:FMAO wick above 78.6% Fibonacci level not a held break.
In brief
NASDAQ:FMAO wick above 78.6% Fibonacci level not a held break. Farmers & Merchants Bancorp's Friday candle closed above 61.8% but below 78.6% Fibonacci level, indicating a partial recovery without confirmed breakout. Originally reported by TradingView.
FMAO Chart Review
This educational daily-chart review uses completed candles through October 16, 2026.
Friday Candle Details
Farmers & Merchants Bancorp's Friday candle opened at 35.220, reached 35.800, traded down to 34.950 and closed at 35.320.
Fibonacci Levels
The selected Fibonacci map runs from September 17's 36.120 high to October 1's 33.630 low.
Key Levels
Measuring upward from the low puts 23.6% at 34.218, 38.2% at 34.581, the halfway convention at 34.875, 61.8% at 35.169 and 78.6% at 35.587.
Friday's Action
Friday's high crossed the 78.6% level, but its close returned below it. The close remained above 61.8%.
Technical Indicators
The 55 EMA was rising and ended near 34.244, below price. RSI 14 ended at 54.39.
The takeaway
Farmers & Merchants Bancorp's Friday candle closed above 61.8% but below 78.6% Fibonacci level, indicating a partial recovery without confirmed breakout.
